Cypress Wealth Services LLC Boosts Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cypress Wealth Services LLC raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,902 shares of the exchange traded fund’s stock after acquiring an additional 1,818 shares during the quarter. Cypress Wealth Services LLC’s holdings in Sprott Physical Gold Trust were worth $864,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. Pekin Hardy Strauss Inc. boosted its stake in Sprott Physical Gold Trust by 1.8% during the third quarter. Pekin Hardy Strauss Inc. now owns 4,051,964 shares of the exchange traded fund’s stock worth $82,579,000 after acquiring an additional 73,355 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Sprott Physical Gold Trust by 2,471.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after buying an additional 2,748,335 shares during the last quarter. Captrust Financial Advisors increased its position in Sprott Physical Gold Trust by 13.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after buying an additional 277,117 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Sprott Physical Gold Trust by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after buying an additional 361,514 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after buying an additional 677,623 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.8 %

Sprott Physical Gold Trust stock opened at $20.96 on Friday. The business’s fifty day moving average is $20.32 and its 200 day moving average is $19.94. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70.

About Sprott Physical Gold Trust

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.