Apollon Wealth Management LLC Boosts Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Apollon Wealth Management LLC raised its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 16.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 24,668 shares of the exchange traded fund’s stock after acquiring an additional 3,443 shares during the period. Apollon Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. Legacy Investment Solutions LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth about $28,000. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $51,000. Missouri Trust & Investment Co lifted its position in 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 worth $53,000 after acquiring an additional 1,609 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $54,000. Finally, AdvisorNet Financial Inc lifted its position in 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 worth $71,000 after acquiring an additional 3,500 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $22.68 on Friday. The stock’s 50 day moving average price is $20.91 and its 200 day moving average price is $20.38. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $22.71.

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.