Beaird Harris Wealth Management LLC decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 21.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,029 shares of the exchange traded fund’s stock after selling 20,004 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $2,203,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth about $33,000. Financial Management Professionals Inc. acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $36,000. Scarborough Advisors LLC boosted its holdings in Sprott Physical Gold Trust by 2,202.0% in the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,101 shares during the last quarter. Main Street Group LTD purchased a new stake in Sprott Physical Gold Trust during the 1st quarter worth approximately $54,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $64,000.
Sprott Physical Gold Trust Price Performance
Shares of Sprott Physical Gold Trust stock opened at $32.87 on Friday. The business has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $34.70. Sprott Physical Gold Trust has a 12 month low of $25.42 and a 12 month high of $42.07.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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