Sprott Physical Gold Trust $PHYS Stock: Lifetime Wealth Management P.C. Lowers Stake

Lifetime Wealth Management P.C. reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 172,516 shares of the exchange traded fund’s stock after selling 17,344 shares during the quarter. Sprott Physical Gold Trust comprises 3.2% of Lifetime Wealth Management P.C.’s holdings, making the stock its 9th largest holding. Lifetime Wealth Management P.C.’s holdings in Sprott Physical Gold Trust were worth $5,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Evanson Financial LLC acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at approximately $108,576,000. IMC Chicago LLC raised its holdings in Sprott Physical Gold Trust by 494.3% during the 1st quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock worth $86,800,000 after purchasing an additional 2,037,133 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Sprott Physical Gold Trust by 5.6% in the 1st quarter. Cetera Investment Advisers now owns 1,726,789 shares of the exchange traded fund’s stock worth $61,197,000 after purchasing an additional 91,695 shares during the period. Kestra Advisory Services LLC lifted its position in shares of Sprott Physical Gold Trust by 39.7% in the 1st quarter. Kestra Advisory Services LLC now owns 1,347,193 shares of the exchange traded fund’s stock worth $47,745,000 after purchasing an additional 382,603 shares during the period. Finally, WIT Partners Advisory Pte. Ltd. lifted its position in shares of Sprott Physical Gold Trust by 48.9% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,401,170 shares of the exchange traded fund’s stock worth $42,273,000 after purchasing an additional 459,950 shares during the period.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $29.35 on Monday. The firm’s fifty day moving average is $32.19 and its 200-day moving average is $34.04. Sprott Physical Gold Trust has a 52 week low of $29.27 and a 52 week high of $42.07.

Sprott Physical Gold Trust Company 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.