Advisory Services Network LLC Lowers Stock Position in Sprott Physical Gold Trust $PHYS

Advisory Services Network LLC lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 306,447 shares of the exchange traded fund’s stock after selling 24,105 shares during the period. Advisory Services Network LLC’s holdings in Sprott Physical Gold Trust were worth $7,713,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Avantax Advisory Services Inc. grew its holdings in shares of Sprott Physical Gold Trust by 32.3% during the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock valued at $13,818,000 after buying an additional 132,995 shares during the last quarter. HB Wealth Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $211,000. Beacon Pointe Advisors LLC lifted its position in Sprott Physical Gold Trust by 7.8% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after acquiring an additional 43,296 shares in the last quarter. Allworth Financial LP boosted its stake in Sprott Physical Gold Trust by 45.8% during the 2nd quarter. Allworth Financial LP now owns 22,359 shares of the exchange traded fund’s stock valued at $567,000 after purchasing an additional 7,026 shares during the last quarter. Finally, StoneX Group Inc. increased its holdings in shares of Sprott Physical Gold Trust by 44.9% in the 2nd quarter. StoneX Group Inc. now owns 62,201 shares of the exchange traded fund’s stock worth $1,577,000 after purchasing an additional 19,281 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $32.89 on Monday. Sprott Physical Gold Trust has a 1-year low of $19.89 and a 1-year high of $33.31. The business has a fifty day moving average price of $31.33 and a 200-day moving average price of $28.14.

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.