Ndwm LLC Acquires 4,911 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Ndwm LLC lifted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 34.7% during the first quarter, HoldingsChannel reports. The firm owned 19,065 shares of the exchange traded fund’s stock after purchasing an additional 4,911 shares during the quarter. Sprott Physical Gold Trust accounts for about 0.3% of Ndwm LLC’s investment portfolio, making the stock its 27th biggest holding. Ndwm LLC’s holdings in Sprott Physical Gold Trust were worth $330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. TCP Asset Management LLC lifted its stake in Sprott Physical Gold Trust by 48.7% in the first quarter. TCP Asset Management LLC now owns 574,132 shares of the exchange traded fund’s stock valued at $9,932,000 after purchasing an additional 188,047 shares during the last quarter. Brookstone Capital Management lifted its holdings in Sprott Physical Gold Trust by 2.7% during the first quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after purchasing an additional 3,298 shares during the last quarter. Sandy Cove Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 27.9% during the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock valued at $529,000 after buying an additional 6,667 shares in the last quarter. Clarity Financial LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $353,000. Finally, Howard Financial Services LTD. bought a new position in Sprott Physical Gold Trust in the 1st quarter worth approximately $175,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS traded up $0.18 during mid-day trading on Thursday, hitting $18.30. The company had a trading volume of 1,390,433 shares, compared to its average volume of 1,979,329. The stock’s 50-day moving average price is $18.14 and its 200-day moving average price is $17.03. Sprott Physical Gold Trust has a 1 year low of $14.00 and a 1 year high of $18.93.

Sprott Physical Gold Trust Company Profile

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.