Geneos Wealth Management Inc. Sells 23,346 Shares of Sprott Physical Gold Trust $PHYS

Geneos Wealth Management Inc. reduced its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,171 shares of the exchange traded fund’s stock after selling 23,346 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Sprott Physical Gold Trust were worth $5,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PHYS. Avantax Advisory Services Inc. lifted its position in Sprott Physical Gold Trust by 32.3% during the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock valued at $13,818,000 after purchasing an additional 132,995 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $211,000. Beacon Pointe Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 7.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after buying an additional 43,296 shares in the last quarter. Allworth Financial LP lifted 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 acquiring an additional 7,026 shares during the last quarter. Finally, StoneX Group Inc. grew its position in Sprott Physical Gold Trust by 44.9% in the second quarter. StoneX Group Inc. now owns 62,201 shares of the exchange traded fund’s stock worth $1,577,000 after acquiring an additional 19,281 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $32.89 on Monday. Sprott Physical Gold Trust has a 1 year low of $19.89 and a 1 year high of $33.31. The stock’s 50 day simple moving average is $31.33 and its two-hundred day simple moving average is $28.14.

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.