Spire Wealth Management Sells 15,353 Shares of Sprott Physical Gold Trust $PHYS

Spire Wealth Management trimmed its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 12.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 110,858 shares of the exchange traded fund’s stock after selling 15,353 shares during the quarter. Spire Wealth Management’s holdings in Sprott Physical Gold Trust were worth $2,810,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ameriflex Group Inc. grew its stake in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares during the last quarter. Tradewinds Capital Management LLC grew its stake in Sprott Physical Gold Trust by 59.8% during the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares during the last quarter. Cheviot Value Management LLC bought a new stake in Sprott Physical Gold Trust during the first quarter worth about $30,000. Hilltop National Bank bought a new stake in Sprott Physical Gold Trust during the second quarter worth about $32,000. Finally, Assetmark Inc. bought a new stake in Sprott Physical Gold Trust during the first quarter worth about $31,000.

Sprott Physical Gold Trust Stock Up 2.1%

Shares of Sprott Physical Gold Trust stock opened at $30.43 on Friday. Sprott Physical Gold Trust has a 1-year low of $19.63 and a 1-year high of $33.31. The firm’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $26.75.

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.