34,392 Shares in Sprott Physical Gold Trust (NYSEARCA:PHYS) Acquired by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 34,392 shares of the exchange traded fund’s stock, valued at approximately $644,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust in the second quarter valued at $36,000. 1620 Investment Advisors Inc. bought a new stake in Sprott Physical Gold Trust in the second quarter worth approximately $55,000. Evermay Wealth Management LLC lifted its stake in Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 3,321 shares during the period. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at $104,000. Finally, Concourse Financial Group Securities Inc. lifted its position in shares of Sprott Physical Gold Trust by 69.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 2,570 shares during the period.

Sprott Physical Gold Trust Stock Up 0.5 %

PHYS opened at $20.72 on Friday. The company has a fifty day moving average price of $19.36 and a two-hundred day moving average price of $18.48. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $20.75.

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.