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

Wealth Enhancement Advisory Services LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 131.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,172,384 shares of the exchange traded fund’s stock after acquiring an additional 665,199 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.30% of Sprott Physical Gold Trust worth $28,208,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PHYS. Raymond James Financial Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $44,631,000. Matauro LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $40,017,000. Jane Street Group LLC boosted its stake in shares of Sprott Physical Gold Trust by 601.5% during the 4th quarter. Jane Street Group LLC now owns 1,989,077 shares of the exchange traded fund’s stock worth $40,060,000 after acquiring an additional 1,705,537 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in shares of Sprott Physical Gold Trust by 1,026.9% during the 4th quarter. Kestra Advisory Services LLC now owns 1,451,077 shares of the exchange traded fund’s stock worth $29,225,000 after acquiring an additional 1,322,305 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Sprott Physical Gold Trust by 1,536.2% during the 4th quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock worth $15,027,000 after acquiring an additional 700,524 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $25.84 on Friday. The business’s 50 day simple moving average is $25.36 and its 200-day simple moving average is $23.10. Sprott Physical Gold Trust has a 12 month low of $17.84 and a 12 month high of $26.42.

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.