AE Wealth Management LLC decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 13.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 54,706 shares of the exchange traded fund’s stock after selling 8,234 shares during the period. AE Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,387,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of PHYS. Ameriflex Group Inc. raised its holdings in shares of Sprott Physical Gold Trust by 66.7% in the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Tradewinds Capital Management LLC grew its position in Sprott Physical Gold Trust by 59.8% in the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares during the last quarter. Cheviot Value Management LLC bought a new position in shares of Sprott Physical Gold Trust in the first quarter valued at $30,000. Hilltop National Bank acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $32,000. Finally, Assetmark Inc. bought a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth $31,000.
Sprott Physical Gold Trust Stock Up 1.7%
Shares of Sprott Physical Gold Trust stock opened at $31.98 on Thursday. Sprott Physical Gold Trust has a 12-month low of $19.63 and a 12-month high of $33.31. The stock’s fifty day moving average is $29.89 and its 200-day moving average is $27.09.
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.
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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 – Free Report).
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