Verity Asset Management Inc. Has $1.55 Million Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Verity Asset Management Inc. raised its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 101.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 73,604 shares of the exchange traded fund’s stock after purchasing an additional 37,047 shares during the quarter. Verity Asset Management Inc.’s holdings in Sprott Physical Gold Trust were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Cozad Asset Management Inc. boosted its holdings in Sprott Physical Gold Trust by 12.6% during the third quarter. Cozad Asset Management Inc. now owns 24,195 shares of the exchange traded fund’s stock valued at $493,000 after acquiring an additional 2,711 shares during the period. JNBA Financial Advisors increased its stake in shares of Sprott Physical Gold Trust by 749.0% in the third quarter. JNBA Financial Advisors now owns 4,296 shares of the exchange traded fund’s stock worth $88,000 after purchasing an additional 3,790 shares during the period. Avidian Wealth Enterprises LLC lifted its position in shares of Sprott Physical Gold Trust by 11.9% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 91,682 shares of the exchange traded fund’s stock worth $1,868,000 after purchasing an additional 9,720 shares during the last quarter. BSW Wealth Partners boosted its stake in Sprott Physical Gold Trust by 3.1% during the 3rd quarter. BSW Wealth Partners now owns 23,327 shares of the exchange traded fund’s stock valued at $475,000 after purchasing an additional 703 shares during the period. Finally, Princeton Global Asset Management LLC boosted its stake in Sprott Physical Gold Trust by 11.2% during the 3rd quarter. Princeton Global Asset Management LLC now owns 12,900 shares of the exchange traded fund’s stock valued at $263,000 after purchasing an additional 1,300 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $20.90 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.09 and a 1 year high of $21.70. The company’s fifty day simple moving average is $20.50 and its 200-day simple moving average is $19.18.

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.