Brightworth bought a new stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 25,431 shares of the exchange traded fund’s stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Sprott Physical Gold Trust by 3.1% in the second quarter. Royal Bank of Canada now owns 870,513 shares of the exchange traded fund’s stock valued at $8,819,000 after buying an additional 26,303 shares during the last quarter. Proficio Capital Partners LLC lifted its holdings in Sprott Physical Gold Trust by 1.9% in the second quarter. Proficio Capital Partners LLC now owns 587,048 shares of the exchange traded fund’s stock valued at $6,058,000 after acquiring an additional 10,710 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in Sprott Physical Gold Trust by 1.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 488,574 shares of the exchange traded fund’s stock valued at $4,949,000 after acquiring an additional 8,179 shares during the period. Knowledge Leaders Capital LLC acquired a new position in Sprott Physical Gold Trust in the third quarter valued at approximately $4,639,000. Finally, Legacy Capital Partners Inc. lifted its holdings in Sprott Physical Gold Trust by 5.6% in the second quarter. Legacy Capital Partners Inc. now owns 360,160 shares of the exchange traded fund’s stock valued at $3,648,000 after acquiring an additional 19,237 shares during the period.

Shares of Sprott Physical Gold Trust (NYSEARCA PHYS) traded up 0.532% on Wednesday, reaching $10.395. The company’s stock had a trading volume of 388,293 shares. Sprott Physical Gold Trust has a 1-year low of $9.19 and a 1-year high of $11.02. The stock has a 50-day moving average price of $10.51 and a 200-day moving average price of $10.37.

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Sprott Physical Gold Trust Profile

Sprott Physical Gold Trust (the Trust) is a closed-end trust. The Trust invests in unencumbered and fully allocated London Good Delivery (LGD) gold bars. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. The Trust invests in long-term holdings of unencumbered, fully allocated physical gold bullion and does not speculate with regard to short-term changes in gold prices.

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

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