Elevate Capital Advisors LLC Has $5 Million Stock Position in Sprott Physical Gold Trust $PHYS

Elevate Capital Advisors LLC cut its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,208 shares of the exchange traded fund’s stock after selling 4,985 shares during the quarter. Sprott Physical Gold Trust comprises approximately 4.0% of Elevate Capital Advisors LLC’s holdings, making the stock its biggest position. Elevate Capital Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $4,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Ameriflex Group Inc. lifted its holdings in Sprott Physical Gold Trust by 66.7% during the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Sigma Planning Corp lifted its holdings in Sprott Physical Gold Trust by 0.7% during the 1st quarter. Sigma Planning Corp now owns 63,985 shares of the exchange traded fund’s stock valued at $1,539,000 after purchasing an additional 425 shares during the last quarter. Synergy Asset Management LLC lifted its holdings in Sprott Physical Gold Trust by 3.0% during the 2nd quarter. Synergy Asset Management LLC now owns 15,512 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 447 shares during the last quarter. IFG Advisory LLC lifted its holdings in shares of Sprott Physical Gold Trust by 4.1% during the first quarter. IFG Advisory LLC now owns 11,608 shares of the exchange traded fund’s stock worth $279,000 after buying an additional 459 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 4.2% during 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.

Sprott Physical Gold Trust Price Performance

PHYS opened at $29.86 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $29.92. The stock has a fifty day moving average of $27.06 and a 200-day moving average of $25.75.

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.