Arbor Trust Wealth Advisors LLC Makes New $212,000 Investment in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Arbor Trust Wealth Advisors LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYSGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,938 shares of the exchange traded fund’s stock, valued at approximately $212,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. PFG Advisors acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $350,000. Insight Wealth Partners LLC boosted its position in shares of Sprott Physical Gold Trust by 0.5% during the 2nd quarter. Insight Wealth Partners LLC now owns 160,441 shares of the exchange traded fund’s stock worth $2,275,000 after acquiring an additional 765 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sprott Physical Gold Trust by 9.4% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 688,859 shares of the exchange traded fund’s stock worth $9,768,000 after acquiring an additional 59,251 shares in the last quarter. Danda Trouve Investment Management Inc. boosted its position in shares of Sprott Physical Gold Trust by 1.1% during the 2nd quarter. Danda Trouve Investment Management Inc. now owns 411,288 shares of the exchange traded fund’s stock worth $5,832,000 after acquiring an additional 4,317 shares in the last quarter. Finally, Addison Capital Co acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $152,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS traded down $0.23 during trading hours on Friday, hitting $12.73. 119,951 shares of the stock were exchanged, compared to its average volume of 2,663,885. The company’s fifty day simple moving average is $13.51 and its two-hundred day simple moving average is $14.33. Sprott Physical Gold Trust has a 1-year low of $12.83 and a 1-year high of $16.19.

About Sprott Physical Gold Trust

(Get Rating)

Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical gold bullion in London Good Delivery bar form. Sprott Physical Gold Trust was formed on August 28, 2009 and is domiciled in Canada.

See Also

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Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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