Evermay Wealth Management LLC Acquires 3,321 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Evermay Wealth Management LLC grew its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 567.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,906 shares of the exchange traded fund’s stock after acquiring an additional 3,321 shares during the period. Evermay Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $68,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. CENTRAL TRUST Co lifted its position in Sprott Physical Gold Trust by 3.2% during the first quarter. CENTRAL TRUST Co now owns 6,395,228 shares of the exchange traded fund’s stock worth $110,637,000 after acquiring an additional 195,980 shares during the last quarter. Simplicity Wealth LLC acquired a new stake in Sprott Physical Gold Trust during the first quarter worth approximately $67,526,000. Cambridge Investment Research Advisors Inc. lifted its position in Sprott Physical Gold Trust by 2.8% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 1,752,721 shares of the exchange traded fund’s stock worth $30,322,000 after acquiring an additional 48,520 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Sprott Physical Gold Trust by 2.4% during the first quarter. Commonwealth Equity Services LLC now owns 1,530,672 shares of the exchange traded fund’s stock worth $26,481,000 after acquiring an additional 35,175 shares during the last quarter. Finally, Capital Wealth Alliance LLC lifted its position in Sprott Physical Gold Trust by 9.2% during the first quarter. Capital Wealth Alliance LLC now owns 947,292 shares of the exchange traded fund’s stock worth $16,384,000 after acquiring an additional 79,616 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 1.5 %

PHYS stock traded down $0.28 during mid-day trading on Thursday, hitting $18.29. 2,030,944 shares of the company were exchanged, compared to its average volume of 1,949,312. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $19.22. The business has a 50 day simple moving average of $18.32 and a 200-day simple moving average of $17.32.

About Sprott Physical Gold Trust

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.