Raymond James & Associates Increases Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James & Associates lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYSGet Rating) by 6.9% in the third quarter, Holdings Channel.com reports. The firm owned 678,976 shares of the exchange traded fund’s stock after buying an additional 43,919 shares during the period. Raymond James & Associates’ holdings in Sprott Physical Gold Trust were worth $8,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $28,000. Toronto Dominion Bank boosted its holdings in Sprott Physical Gold Trust by 2,239.0% during the 2nd quarter. Toronto Dominion Bank now owns 2,339 shares of the exchange traded fund’s stock valued at $33,000 after acquiring an additional 2,239 shares during the period. Parallel Advisors LLC boosted its holdings in Sprott Physical Gold Trust by 238.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,371 shares of the exchange traded fund’s stock valued at $34,000 after acquiring an additional 1,670 shares during the period. Credit Suisse AG purchased a new position in Sprott Physical Gold Trust during the 2nd quarter valued at $66,000. Finally, Gradient Investments LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter valued at $67,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $14.73 on Friday. The business has a fifty day moving average of $13.79 and a 200 day moving average of $13.50. Sprott Physical Gold Trust has a 52-week low of $12.48 and a 52-week high of $16.19.

About Sprott Physical Gold Trust

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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.

Further Reading

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

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