RPS Advisory Solutions LLC Has $3.11 Million Position in Sprott Physical Gold Trust $PHYS

RPS Advisory Solutions LLC boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 59.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,197 shares of the exchange traded fund’s stock after buying an additional 35,267 shares during the quarter. Sprott Physical Gold Trust makes up approximately 1.5% of RPS Advisory Solutions LLC’s portfolio, making the stock its 13th biggest position. RPS Advisory Solutions LLC’s holdings in Sprott Physical Gold Trust were worth $3,110,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PHYS. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott Physical Gold Trust during the 4th quarter worth about $33,000. Financial Management Professionals Inc. acquired a new position in Sprott Physical Gold Trust during the 4th quarter worth about $36,000. Eastern Bank acquired a new position in Sprott Physical Gold Trust during the 4th quarter worth about $47,000. Strategic Advocates LLC acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth about $51,000. Finally, Legacy Wealth Managment LLC ID lifted its holdings in Sprott Physical Gold Trust by 49.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 714 shares during the period.

Sprott Physical Gold Trust Stock Down 1.7%

Shares of PHYS opened at $33.90 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $24.64 and a 12 month high of $42.07. The stock’s 50-day moving average price is $35.74 and its two-hundred day moving average price is $35.06.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.