New Harbor Financial Group LLC Grows Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

New Harbor Financial Group LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 164.4% in the third quarter, Holdings Channel reports. The institutional investor owned 71,717 shares of the exchange traded fund’s stock after purchasing an additional 44,592 shares during the period. Sprott Physical Gold Trust accounts for about 0.4% of New Harbor Financial Group LLC’s portfolio, making the stock its 21st largest position. New Harbor Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $1,462,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in Sprott Physical Gold Trust in the second quarter valued at $36,000. Sunbelt Securities Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at about $51,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at about $55,000. Evermay Wealth Management LLC grew 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 valued at $68,000 after purchasing an additional 3,321 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at about $104,000.

Sprott Physical Gold Trust Stock Up 0.5 %

Shares of NYSEARCA PHYS traded up $0.11 during trading on Thursday, hitting $20.89. The company had a trading volume of 739,974 shares, compared to its average volume of 2,022,799. The stock has a fifty day simple moving average of $19.90 and a two-hundred day simple moving average of $18.84. Sprott Physical Gold Trust has a fifty-two week low of $15.01 and a fifty-two week high of $20.95.

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.