Wakefield Asset Management LLLP Purchases Shares of 81,658 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wakefield Asset Management LLLP acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,658 shares of the exchange traded fund’s stock, valued at approximately $1,475,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter worth about $36,000. 1620 Investment Advisors Inc. purchased a new position in Sprott Physical Gold Trust during the second quarter valued at $55,000. Evermay Wealth Management LLC increased its holdings in Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust during the first quarter valued at approximately $104,000. Finally, Concourse Financial Group Securities Inc. boosted its position in shares of Sprott Physical Gold Trust by 69.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 2,570 shares during the period.

Sprott Physical Gold Trust Trading Down 0.8 %

NYSEARCA:PHYS opened at $19.43 on Friday. The stock has a 50-day moving average price of $18.93 and a 200 day moving average price of $18.08. Sprott Physical Gold Trust has a 12-month low of $14.00 and a 12-month high of $19.67.

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.