Raymond James & Associates increases its position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James & Associates boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 32.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 924,659 shares of the exchange traded fund’s stock after purchasing an additional 228,541 shares during the period. Raymond James & Associates’ holdings in Sprott Physical Gold Trust were worth $16,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have added to or reduced their stakes in the company. Evermay Wealth Management LLC boosted its position in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new stake in Sprott Physical Gold Trust in the first quarter valued at about $104,000. Howard Financial Services LTD. bought a new stake in Sprott Physical Gold Trust in the first quarter valued at about $175,000. Advocate Group LLC purchased a new position in Sprott Physical Gold Trust in the second quarter valued at about $197,000. Finally, Headlands Technologies LLC bought a new position in shares of Sprott Physical Gold Trust in the first quarter worth $281,000.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $19.29 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $14.00 and a fifty-two week high of $19.63. The company’s fifty day moving average price is $18.62 and its 200 day moving average price is $17.78.

Sprott Physical Gold Trust Company Profile

(Free report)

The Sprott Physical Gold Trust operates as a closed-end investment trust committed to investing and holding all of its assets in physical gold bullion. Its investment objective is to provide investors with a safe, convenient and exchange-traded investment alternative, investing primarily in long-term holdings of unencumbered, fully allocated physical gold bullion and will not speculate on short-term changes of gold prices. .

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Want to see what other hedge funds PHYS owns? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).

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