Sprott Physical Gold Trust $PHYS Shares Sold by BCS Wealth Management

BCS Wealth Management lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 50.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,833 shares of the exchange traded fund’s stock after selling 27,905 shares during the quarter. BCS Wealth Management’s holdings in Sprott Physical Gold Trust were worth $986,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Enclave Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $3,022,000. EverSource Wealth Advisors LLC increased its holdings in Sprott Physical Gold Trust by 53.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 39,609 shares of the exchange traded fund’s stock valued at $1,173,000 after purchasing an additional 13,879 shares in the last quarter. Cyndeo Wealth Partners LLC increased its holdings in Sprott Physical Gold Trust by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock valued at $22,996,000 after purchasing an additional 28,702 shares in the last quarter. Spirepoint Private Client LLC raised its position in Sprott Physical Gold Trust by 20.9% in the fourth quarter. Spirepoint Private Client LLC now owns 86,865 shares of the exchange traded fund’s stock valued at $2,868,000 after purchasing an additional 15,040 shares during the period. Finally, Dakota Wealth Management raised its position in Sprott Physical Gold Trust by 21.5% in the third quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock valued at $4,361,000 after purchasing an additional 26,060 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $30.94 on Wednesday. The stock’s 50-day moving average is $34.21 and its two-hundred day moving average is $35.36. Sprott Physical Gold Trust has a 12 month low of $24.86 and a 12 month high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.