Evanson Financial LLC Takes $108.58 Million Position in Sprott Physical Gold Trust $PHYS

Evanson Financial LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, according to its most recent filing with the SEC. The fund bought 3,598,792 shares of the exchange traded fund’s stock, valued at approximately $108,576,000. Sprott Physical Gold Trust accounts for 5.4% of Evanson Financial LLC’s investment portfolio, making the stock its 3rd largest holding. Evanson Financial LLC owned about 0.76% of Sprott Physical Gold Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. 180 Wealth Advisors LLC increased its holdings in Sprott Physical Gold Trust by 42.4% during the second quarter. 180 Wealth Advisors LLC now owns 40,396 shares of the exchange traded fund’s stock worth $1,219,000 after buying an additional 12,035 shares during the last quarter. Bulwark Capital Corp boosted its stake in Sprott Physical Gold Trust by 231.4% in the second quarter. Bulwark Capital Corp now owns 4,782 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 3,339 shares during the last quarter. Private Client Services LLC grew its position in shares of Sprott Physical Gold Trust by 236.5% during the 2nd quarter. Private Client Services LLC now owns 72,249 shares of the exchange traded fund’s stock valued at $2,180,000 after acquiring an additional 50,778 shares during the period. VectorGlobal IAG Inc. bought a new position in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $3,403,000. Finally, DV Trading LLC grew its position in shares of Sprott Physical Gold Trust by 13.3% during the 1st quarter. DV Trading LLC now owns 6,800 shares of the exchange traded fund’s stock valued at $241,000 after acquiring an additional 800 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $32.20 on Friday. The company has a 50 day moving average of $31.36 and a 200-day moving average of $34.72. Sprott Physical Gold Trust has a 12-month low of $25.42 and a 12-month high of $42.07.

Sprott Physical Gold Trust Profile

Sprott Physical Gold Trust operates as a closed-end investment trust, which engages in investing and holding all of its assets in physical gold bullion. Its investment objective is to provide a secure, convenient, and exchange-traded investment alternative for investors through investing primarily in long-term holdings of unencumbered, fully allocated, physical gold bullion and will not speculate with regard to short-term changes in gold prices. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.