Allworth Financial LP Boosts Stock Position in Sprott Physical Gold Trust $PHYS

Allworth Financial LP lifted its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 45.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,359 shares of the exchange traded fund’s stock after purchasing an additional 7,026 shares during the quarter. Allworth Financial LP’s holdings in Sprott Physical Gold Trust were worth $567,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HB Wealth Management LLC purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth $211,000. IFP Advisors Inc lifted its position in Sprott Physical Gold Trust by 40.4% in the first quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock valued at $908,000 after buying an additional 10,872 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in Sprott Physical Gold Trust by 2.6% in the first quarter. Kestra Private Wealth Services LLC now owns 52,283 shares of the exchange traded fund’s stock valued at $1,258,000 after buying an additional 1,349 shares during the last quarter. Assetmark Inc. purchased a new position in Sprott Physical Gold Trust during the first quarter worth about $31,000. Finally, Kerntke Otto McGlone Wealth Management Group purchased a new position in Sprott Physical Gold Trust during the second quarter worth about $1,974,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $31.16 on Friday. The company’s 50 day simple moving average is $30.05 and its 200-day simple moving average is $27.17. Sprott Physical Gold Trust has a 1 year low of $19.63 and a 1 year 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.