Wealth Enhancement Advisory Services LLC Increases Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wealth Enhancement Advisory Services LLC raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYSFree Report) by 34.8% during the third quarter, HoldingsChannel reports. The firm owned 368,532 shares of the exchange traded fund’s stock after buying an additional 95,067 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $7,511,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at $36,000. Sunbelt Securities Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at $51,000. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter worth $51,000. 1620 Investment Advisors Inc. purchased a new position in Sprott Physical Gold Trust during the 2nd quarter worth $55,000. Finally, Evermay Wealth Management LLC grew its position in Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $21.66 on Thursday. Sprott Physical Gold Trust has a 1 year low of $15.09 and a 1 year high of $21.70. The company’s fifty day moving average is $20.31 and its two-hundred day moving average is $19.07.

About Sprott Physical Gold Trust

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYSFree Report).

Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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