Entruity Wealth LLC Increases Stock Position in Sprott Physical Gold Trust $PHYS

Entruity Wealth LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.5% during the second quarter, Holdings Channel.com reports. The fund owned 155,072 shares of the exchange traded fund’s stock after purchasing an additional 2,329 shares during the quarter. Sprott Physical Gold Trust accounts for approximately 3.3% of Entruity Wealth LLC’s investment portfolio, making the stock its 13th largest position. Entruity Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $3,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Ameriflex Group Inc. boosted its holdings in shares of 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 purchasing an additional 400 shares during the period. Parkside Financial Bank & Trust raised its position in Sprott Physical Gold Trust by 36.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock valued at $38,000 after purchasing an additional 400 shares during the last quarter. Tradewinds Capital Management LLC lifted its holdings in Sprott Physical Gold Trust by 59.8% in the 2nd 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 period. Stratos Wealth Partners LTD. grew its position in shares of Sprott Physical Gold Trust by 0.3% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 160,105 shares of the exchange traded fund’s stock worth $4,059,000 after buying an additional 428 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its position in shares of Sprott Physical Gold Trust by 11.3% in the 2nd quarter. Evermay Wealth Management LLC now owns 4,347 shares of the exchange traded fund’s stock worth $110,000 after buying an additional 441 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $31.02 on Friday. The business has a 50 day moving average of $30.35 and a 200 day moving average of $27.37. Sprott Physical Gold Trust has a 52 week low of $19.89 and a 52 week high of $33.31.

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.