Palumbo Wealth Management LLC Buys 1,189 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Palumbo Wealth Management LLC increased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 264,637 shares of the exchange traded fund’s stock after acquiring an additional 1,189 shares during the period. Sprott Physical Gold Trust comprises about 2.1% of Palumbo Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Palumbo Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $5,393,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust in the second quarter valued at about $36,000. Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust during the second quarter worth approximately $51,000. St. Johns Investment Management Company LLC bought a new stake in Sprott Physical Gold Trust in the third quarter valued at approximately $51,000. 1620 Investment Advisors Inc. bought a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $55,000. Finally, Evermay Wealth Management LLC increased 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 purchasing an additional 3,321 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 1.4 %

Shares of Sprott Physical Gold Trust stock traded down $0.31 on Thursday, hitting $21.35. The company had a trading volume of 783,812 shares, compared to its average volume of 2,043,284. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.70. The stock has a 50-day moving average of $20.31 and a 200-day moving average of $19.07.

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.