Beam Wealth Advisors Inc. Purchases New Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Beam Wealth Advisors Inc. acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 19,446 shares of the exchange traded fund’s stock, valued at approximately $396,000.

A number of other institutional investors have also recently bought and sold shares of PHYS. Banque Cantonale Vaudoise acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $51,000. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $51,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth $55,000. Finally, Evermay Wealth Management LLC increased 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 worth $68,000 after purchasing an additional 3,321 shares during the period.

Sprott Physical Gold Trust Stock Down 0.8 %

PHYS opened at $20.74 on Monday. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.70. The company has a 50-day simple moving average of $20.53 and a 200 day simple moving average of $19.22.

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.