Nadler Financial Group Inc. Increases Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

by · The Cerbat Gem

Nadler Financial Group Inc. grew its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 48.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,005 shares of the exchange traded fund’s stock after buying an additional 9,830 shares during the period. Nadler Financial Group Inc.’s holdings in Sprott Physical Gold Trust were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at $36,000. Sunbelt Securities Inc. bought a new position in Sprott Physical Gold Trust in the second quarter valued at about $51,000. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust in the third quarter worth about $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 boosted its holdings in shares of 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 worth $68,000 after buying an additional 3,321 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.5 %

PHYS stock traded up $0.11 during midday trading on Friday, reaching $21.43. 171,026 shares of the company’s stock traded hands, compared to its average volume of 2,047,383. Sprott Physical Gold Trust has a 52-week low of $15.09 and a 52-week high of $21.70. The stock’s 50-day moving average is $20.31 and its 200 day moving average is $19.07.

About Sprott Physical Gold Trust

(Free Report)

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.

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