AlphaCore Capital LLC Raises Stock Holdings in Sprott Physical Gold Trust $PHYS

AlphaCore Capital LLC raised its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 98.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,837 shares of the exchange traded fund’s stock after purchasing an additional 60,000 shares during the quarter. AlphaCore Capital LLC’s holdings in Sprott Physical Gold Trust were worth $3,063,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its holdings in Sprott Physical Gold Trust by 32.3% in the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after purchasing an additional 132,995 shares during the period. HB Wealth Management LLC bought a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth about $211,000. Allworth Financial LP boosted its holdings in shares of Sprott Physical Gold Trust by 45.8% in the 2nd quarter. Allworth Financial LP now owns 22,359 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 7,026 shares during the period. Assetmark Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $31,000. Finally, Kerntke Otto McGlone Wealth Management Group bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $1,974,000.

Sprott Physical Gold Trust Trading Down 0.2%

PHYS opened at $31.02 on Friday. The company’s 50-day moving average price is $30.35 and its 200 day moving average price is $27.37. Sprott Physical Gold Trust has a fifty-two week low of $19.89 and a fifty-two week high of $33.31.

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.