17,344 Sprott Physical Gold Trust $PHYS Shares Sold by Lifetime Wealth Management P.C.

Lifetime Wealth Management P.C. lowered its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,516 shares of the exchange traded fund’s stock after selling 17,344 shares during the period. Sprott Physical Gold Trust accounts for 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 have also recently added to or reduced their stakes in the stock. Balance Wealth Partners LLC bought a new position in Sprott Physical Gold Trust in the third quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $28,000. Mather Group LLC. acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $28,000. Center for Financial Planning Inc. bought a new position in Sprott Physical Gold Trust in the 3rd quarter valued at approximately $36,000. Finally, Scarborough Advisors LLC raised 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 valued at $41,000 after buying an additional 1,101 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $29.35 on Monday. The company has a 50 day simple moving average of $32.19 and a 200 day simple moving average of $34.04. Sprott Physical Gold Trust has a 1 year low of $29.27 and a 1 year 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.