HB Wealth Management LLC Buys New Position in Sprott Physical Gold Trust $PHYS

HB Wealth Management LLC bought a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,337 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other hedge funds also recently added to or reduced their stakes in PHYS. Royal Bank of Canada increased its position in Sprott Physical Gold Trust by 18.3% during the 1st quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock valued at $190,507,000 after buying an additional 1,225,695 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Sprott Physical Gold Trust by 131.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,384 shares of the exchange traded fund’s stock valued at $28,208,000 after buying an additional 665,199 shares in the last quarter. Scotia Capital Inc. increased its position in Sprott Physical Gold Trust by 137.0% during the 1st quarter. Scotia Capital Inc. now owns 758,099 shares of the exchange traded fund’s stock valued at $18,262,000 after buying an additional 438,259 shares in the last quarter. Wealthcare Advisory Partners LLC increased its position in Sprott Physical Gold Trust by 338.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 541,704 shares of the exchange traded fund’s stock valued at $13,033,000 after buying an additional 418,273 shares in the last quarter. Finally, Hengehold Capital Management LLC grew its stake in Sprott Physical Gold Trust by 982.6% during the 2nd quarter. Hengehold Capital Management LLC now owns 456,451 shares of the exchange traded fund’s stock valued at $11,571,000 after purchasing an additional 414,288 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.7%

Sprott Physical Gold Trust stock opened at $30.49 on Wednesday. The business’s 50-day simple moving average is $27.26 and its two-hundred day simple moving average is $25.86. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $30.54.

About Sprott Physical Gold Trust

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.