Hubbell Strickland Wealth Management LLC Sells 5,887 Shares of Sprott Physical Gold Trust $PHYS

Hubbell Strickland Wealth Management LLC reduced its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 259,978 shares of the exchange traded fund’s stock after selling 5,887 shares during the quarter. Sprott Physical Gold Trust accounts for approximately 2.9% of Hubbell Strickland Wealth Management LLC’s portfolio, making the stock its 7th largest position. Hubbell Strickland Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $6,590,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PHYS. IMC Chicago LLC raised its position in shares of Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock valued at $81,228,000 after acquiring an additional 3,095,611 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Sprott Physical Gold Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after purchasing an additional 1,225,695 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Sprott Physical Gold Trust by 131.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,172,384 shares of the exchange traded fund’s stock worth $28,208,000 after buying an additional 665,199 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Sprott Physical Gold Trust by 137.0% during the first quarter. Scotia Capital Inc. now owns 758,099 shares of the exchange traded fund’s stock worth $18,262,000 after buying an additional 438,259 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Sprott Physical Gold Trust by 338.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 541,704 shares of the exchange traded fund’s stock worth $13,033,000 after buying an additional 418,273 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.8%

Shares of NYSEARCA:PHYS opened at $29.86 on Friday. The firm’s 50 day simple moving average is $27.06 and its 200 day simple moving average is $25.77. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $29.92.

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.