B. Riley Wealth Advisors Inc. Raises Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

B. Riley Wealth Advisors Inc. lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating) by 396.0% in the third quarter, HoldingsChannel.com reports. The fund owned 204,871 shares of the exchange traded fund’s stock after acquiring an additional 163,565 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $2,623,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PHYS. JPMorgan Chase & Co. increased its position in shares of Sprott Physical Gold Trust by 236.2% during the first quarter. JPMorgan Chase & Co. now owns 13,877 shares of the exchange traded fund’s stock valued at $213,000 after acquiring an additional 9,750 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Sprott Physical Gold Trust by 22.1% during the first quarter. Cibc World Market Inc. now owns 298,570 shares of the exchange traded fund’s stock valued at $4,589,000 after acquiring an additional 54,138 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Sprott Physical Gold Trust by 57.0% during the first quarter. Baird Financial Group Inc. now owns 225,211 shares of the exchange traded fund’s stock valued at $3,461,000 after purchasing an additional 81,739 shares during the period. Mather Group LLC. bought a new position in Sprott Physical Gold Trust during the first quarter valued at $569,000. Finally, Equitable Holdings Inc. bought a new position in Sprott Physical Gold Trust during the first quarter valued at $816,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $15.32 on Friday. The stock has a fifty day simple moving average of $14.51 and a two-hundred day simple moving average of $13.74. Sprott Physical Gold Trust has a 1-year low of $12.48 and a 1-year high of $15.78.

Sprott Physical Gold Trust Profile

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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.