Wealth Enhancement Advisory Services LLC Grows Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYSFree Report) by 34.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,532 shares of the exchange traded fund’s stock after purchasing an additional 95,067 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Sprott Physical Gold Trust worth $7,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust during the second quarter worth about $36,000. Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust during the second quarter worth about $51,000. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust during the third quarter worth about $51,000. 1620 Investment Advisors Inc. acquired a new position in Sprott Physical Gold Trust during the second quarter worth about $55,000. Finally, Evermay Wealth Management LLC boosted its position in Sprott Physical Gold Trust by 567.7% during the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 3,321 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $21.66 on Thursday. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.70. The firm’s 50-day moving average price is $20.31 and its 200 day moving average price is $19.07.

About Sprott Physical Gold Trust

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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