Geneos Wealth Management Inc. trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,476 shares of the exchange traded fund’s stock after selling 17,573 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Sprott Physical Gold Trust were worth $6,396,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Enclave Advisors LLC acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth $3,022,000. BCS Wealth Management increased its stake in shares of Sprott Physical Gold Trust by 99.1% in the 4th quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after acquiring an additional 27,744 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth $540,000. Brookwood Investment Group LLC raised its holdings in shares of Sprott Physical Gold Trust by 47.4% during the 4th quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock worth $1,975,000 after acquiring an additional 19,237 shares during the period. Finally, Cyndeo Wealth Partners LLC raised its holdings in shares of Sprott Physical Gold Trust by 4.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after acquiring an additional 28,702 shares during the period.
Sprott Physical Gold Trust Price Performance
Shares of PHYS stock opened at $30.00 on Friday. Sprott Physical Gold Trust has a twelve month low of $25.00 and a twelve month high of $42.07. The company’s 50-day moving average price is $32.49 and its 200-day moving average price is $35.06.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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