Belpointe Asset Management LLC Has $2.45 Million Holdings in Sprott Physical Gold Trust $PHYS

Belpointe Asset Management LLC raised its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.3% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 96,804 shares of the exchange traded fund’s stock after buying an additional 3,050 shares during the period. Belpointe Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $2,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ameriflex Group Inc. raised its stake in Sprott Physical Gold Trust by 66.7% in the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 400 shares during the period. Cheviot Value Management LLC acquired a new position in shares of Sprott Physical Gold Trust in the first quarter valued at $30,000. Hilltop National Bank bought a new position in shares of Sprott Physical Gold Trust in the second quarter valued at about $32,000. Assetmark Inc. bought a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $31,000. Finally, Continuum Advisory LLC lifted its stake in shares of Sprott Physical Gold Trust by 162.9% during the 1st quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 912 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.4%

Shares of PHYS stock opened at $30.28 on Tuesday. Sprott Physical Gold Trust has a 52 week low of $19.63 and a 52 week high of $30.34. The company has a 50-day simple moving average of $27.16 and a 200 day simple moving average of $25.83.

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.