Pine Valley Investments Ltd Liability Co Grows Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pine Valley Investments Ltd Liability Co raised its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 18.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,695 shares of the exchange traded fund’s stock after acquiring an additional 17,721 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Gold Trust were worth $2,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at approximately $28,000. Missouri Trust & Investment Co lifted its stake in shares of Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,609 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at approximately $54,000. Salomon & Ludwin LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at approximately $65,000. Finally, AdvisorNet Financial Inc lifted its stake in shares of Sprott Physical Gold Trust by 7,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 3,500 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $22.61 on Wednesday. The firm’s 50 day moving average is $21.25 and its 200 day moving average is $20.62. Sprott Physical Gold Trust has a 12 month low of $15.59 and a 12 month high of $22.91.

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.