Gateway Wealth Partners LLC Buys Shares of 11,220 Sprott Physical Gold Trust (NYSEARCA:PHYS)

Gateway Wealth Partners LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,220 shares of the exchange traded fund’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Sprott Physical Gold Trust during the 2nd quarter valued at about $36,000. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth approximately $51,000. Sunbelt Securities Inc. bought a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $51,000. 1620 Investment Advisors Inc. bought a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth approximately $55,000. Finally, Evermay Wealth Management LLC lifted its stake in shares of Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares during the period.

Sprott Physical Gold Trust Trading Up 1.0 %

Shares of NYSEARCA:PHYS opened at $21.52 on Wednesday. The firm’s 50 day moving average price is $20.27 and its 200-day moving average price is $19.06. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.53.

Sprott Physical Gold Trust 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.