Red Door Wealth Management LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating) by 25.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 747,410 shares of the exchange traded fund's stock after acquiring an additional 152,947 shares during the period. Sprott Physical Gold Trust comprises 3.5% of Red Door Wealth Management LLC's holdings, making the stock its 3rd biggest position. Red Door Wealth Management LLC's holdings in Sprott Physical Gold Trust were worth $10,538,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in Sprott Physical Gold Trust by 26.7% in the 2nd quarter. NewEdge Advisors LLC now owns 57,809 shares of the exchange traded fund's stock valued at $820,000 after purchasing an additional 12,174 shares during the period. Procyon Advisors LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at about $752,000. IMC Chicago LLC lifted its position in Sprott Physical Gold Trust by 1.3% during the third quarter. IMC Chicago LLC now owns 61,795 shares of the exchange traded fund's stock worth $791,000 after purchasing an additional 803 shares during the period. Keel Point LLC grew its stake in Sprott Physical Gold Trust by 21.2% during the fourth quarter. Keel Point LLC now owns 48,129 shares of the exchange traded fund's stock worth $679,000 after buying an additional 8,428 shares in the last quarter. Finally, Straight Path Wealth Management increased its holdings in Sprott Physical Gold Trust by 2.2% in the 3rd quarter. Straight Path Wealth Management now owns 37,245 shares of the exchange traded fund's stock valued at $477,000 after buying an additional 800 shares during the period.

Sprott Physical Gold Trust Stock Down 0.5 %

PHYS traded down $0.07 during trading on Friday, hitting $15.48. 451,621 shares of the stock traded hands, compared to its average volume of 2,104,692. The business has a 50 day moving average price of $14.65 and a 200 day moving average price of $13.88. Sprott Physical Gold Trust has a twelve month low of $12.48 and a twelve month high of $15.78.

About Sprott Physical Gold Trust

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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.

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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating).

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