AlphaStar Capital Management LLC Increases Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

AlphaStar Capital Management LLC boosted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 25.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,393 shares of the exchange traded fund’s stock after acquiring an additional 3,883 shares during the period. AlphaStar Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PHYS. Pekin Hardy Strauss Inc. boosted its stake in shares of Sprott Physical Gold Trust by 1.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 4,051,964 shares of the exchange traded fund’s stock valued at $82,579,000 after purchasing an additional 73,355 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in Sprott Physical Gold Trust by 2,471.9% in the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after buying an additional 2,748,335 shares during the period. Captrust Financial Advisors boosted its position in Sprott Physical Gold Trust by 13.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after acquiring an additional 277,117 shares in the last quarter. IMC Chicago LLC grew its holdings in shares of Sprott Physical Gold Trust by 5,078.7% during the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after acquiring an additional 1,986,646 shares during the period. Finally, Wealthcare Capital Management LLC raised its position in shares of Sprott Physical Gold Trust by 8.4% in the 4th quarter. Wealthcare Capital Management LLC now owns 1,911,707 shares of the exchange traded fund’s stock worth $38,502,000 after acquiring an additional 147,721 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $22.16 on Monday. The business has a 50 day moving average of $20.74 and a 200-day moving average of $20.29. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $22.37.

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.