CWA Asset Management Group LLC Takes $603,000 Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

CWA Asset Management Group LLC purchased a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, Holdings Channel.com reports. The fund purchased 29,568 shares of the exchange traded fund’s stock, valued at approximately $603,000.

Other institutional investors also recently modified their holdings of the company. Concourse Financial Group Securities Inc. increased its holdings in shares of Sprott Physical Gold Trust by 9.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after purchasing an additional 615 shares during the period. Raymond James & Associates increased its stake in shares of Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after buying an additional 677,623 shares during the period. Headlands Technologies LLC purchased a new position in shares of Sprott Physical Gold Trust during the first quarter valued at about $281,000. International Assets Investment Management LLC lifted its holdings in Sprott Physical Gold Trust by 2,471.9% in the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after buying an additional 2,748,335 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new stake in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $164,000.

Sprott Physical Gold Trust Price Performance

PHYS traded up $0.01 during midday trading on Monday, reaching $21.26. The company’s stock had a trading volume of 761,259 shares, compared to its average volume of 2,050,020. The stock’s 50-day moving average is $20.39 and its 200-day moving average is $19.12. Sprott Physical Gold Trust has a 1 year low of $15.09 and a 1 year high of $21.70.

Sprott Physical Gold Trust Company 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.