Highland Investment Advisors LLC Acquires Shares of 21,860 Sprott Physical Gold Trust $PHYS

Highland Investment Advisors LLC bought a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, Holdings Channel.com reports. The firm bought 21,860 shares of the exchange traded fund’s stock, valued at approximately $660,000.

Several other institutional investors have also recently made changes to their positions in the company. Principal Securities Inc. boosted its position in shares of Sprott Physical Gold Trust by 2.5% during the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 302 shares in the last quarter. Summit Financial Strategies Inc. raised its holdings in Sprott Physical Gold Trust by 5.3% in the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares in the last quarter. Community Financial Services Group LLC lifted its position in Sprott Physical Gold Trust by 8.0% during the second quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock valued at $165,000 after buying an additional 400 shares during the period. Manchester Financial Inc. lifted its position in Sprott Physical Gold Trust by 5.9% during the fourth quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock valued at $243,000 after buying an additional 410 shares during the period. Finally, Wealthspire Retirement LLC boosted its holdings in shares of Sprott Physical Gold Trust by 7.1% during the 1st quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock valued at $249,000 after buying an additional 464 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 0.8%

NYSEARCA:PHYS opened at $33.60 on Friday. The firm’s 50-day moving average price is $32.07 and its 200-day moving average price is $34.18. Sprott Physical Gold Trust has a 1-year low of $27.47 and a 1-year high of $42.07.

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.