Wealth Enhancement Advisory Services LLC Trims Stock Position in Sprott Physical Gold Trust $PHYS

Wealth Enhancement Advisory Services LLC trimmed its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 0.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,162,641 shares of the exchange traded fund’s stock after selling 9,743 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $29,705,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC raised its stake in Sprott Physical Gold Trust by 4.2% in the first quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock worth $319,000 after buying an additional 535 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Sprott Physical Gold Trust in the 1st quarter worth approximately $273,000. NBC Securities Inc. raised its position in shares of Sprott Physical Gold Trust by 111,150.0% in the 1st quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 2,223 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of Sprott Physical Gold Trust by 40.4% in the 1st quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock valued at $908,000 after purchasing an additional 10,872 shares during the period. Finally, Brown Advisory Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $241,000.

Sprott Physical Gold Trust Stock Up 1.2%

Shares of PHYS stock opened at $28.35 on Friday. The business’s fifty day moving average is $26.37 and its 200 day moving average is $25.32. Sprott Physical Gold Trust has a twelve month low of $19.63 and a twelve month high of $28.51.

Sprott Physical Gold Trust 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.