Cutter & CO Brokerage Inc. Buys New Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cutter & CO Brokerage Inc. bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 16,400 shares of the exchange traded fund’s stock, valued at approximately $334,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gateway Wealth Partners LLC purchased a new stake in shares of Sprott Physical Gold Trust during the third quarter worth $229,000. TCP Asset Management LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.9% in the third quarter. TCP Asset Management LLC now owns 602,669 shares of the exchange traded fund’s stock valued at $12,282,000 after purchasing an additional 28,308 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $600,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sprott Physical Gold Trust by 34.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 368,532 shares of the exchange traded fund’s stock valued at $7,511,000 after purchasing an additional 95,067 shares during the period. Finally, PFG Investments LLC grew its holdings in shares of Sprott Physical Gold Trust by 10.7% in the third quarter. PFG Investments LLC now owns 256,220 shares of the exchange traded fund’s stock valued at $5,222,000 after purchasing an additional 24,698 shares during the period.

Sprott Physical Gold Trust Trading Up 0.6 %

Shares of PHYS traded up $0.13 during mid-day trading on Tuesday, reaching $21.43. The stock had a trading volume of 123,242 shares, compared to its average volume of 2,026,422. Sprott Physical Gold Trust has a 52-week low of $15.09 and a 52-week high of $21.44. The business’s fifty day moving average is $20.23 and its 200 day moving average is $19.03.

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.