OneAscent Financial Services LLC Takes $244,000 Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

OneAscent Financial Services LLC acquired a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,125 shares of the exchange traded fund’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Sprott Physical Gold Trust in the third quarter worth about $28,000. Jones Financial Companies Lllp purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $39,000. Smartleaf Asset Management LLC bought a new position in Sprott Physical Gold Trust in the 4th quarter worth approximately $40,000. Smithfield Trust Co purchased a new position in Sprott Physical Gold Trust in the 4th quarter valued at approximately $50,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $50,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $23.40 on Friday. Sprott Physical Gold Trust has a 1 year low of $17.64 and a 1 year high of $24.28. The stock’s fifty day moving average price is $22.74 and its two-hundred day moving average price is $21.32.

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.