FLP Wealth Management LLC Trims Holdings in Sprott Physical Gold Trust $PHYS

FLP Wealth Management LLC lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 48.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,368 shares of the exchange traded fund’s stock after selling 29,106 shares during the quarter. Sprott Physical Gold Trust makes up 1.8% of FLP Wealth Management LLC’s portfolio, making the stock its 16th biggest position. FLP Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,076,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PHYS. Fiduciary Alliance LLC lifted its holdings in Sprott Physical Gold Trust by 4.4% in the fourth quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 300 shares during the period. Latitude Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 1.0% in the 4th quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. boosted its position in shares of Sprott Physical Gold Trust by 2.5% during the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after purchasing an additional 302 shares in the last quarter. Euro Pacific Asset Management LLC grew its stake in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock worth $1,591,000 after purchasing an additional 408 shares during the period. Finally, Manchester Financial Inc. raised its holdings in Sprott Physical Gold Trust by 5.9% in the fourth quarter. Manchester Financial Inc. now owns 7,360 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 410 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $31.08 on Monday. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07. The company’s 50-day simple moving average is $33.29 and its 200 day simple moving average is $35.25.

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.