Simplicity Wealth LLC Raises Position in Sprott Physical Gold Trust $PHYS

Simplicity Wealth LLC boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,508 shares of the exchange traded fund’s stock after buying an additional 10,308 shares during the period. Simplicity Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $1,306,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC boosted its position in shares of Sprott Physical Gold Trust by 4.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock valued at $319,000 after acquiring an additional 535 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Sprott Physical Gold Trust during the first quarter valued at approximately $273,000. Wealth Enhancement Advisory Services LLC grew its stake in Sprott Physical Gold Trust by 131.2% in the 1st 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 in the last quarter. NBC Securities Inc. increased its holdings in shares of Sprott Physical Gold Trust by 111,150.0% in the 1st quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 2,223 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of Sprott Physical Gold Trust by 40.4% in the 1st quarter. IFP Advisors Inc now owns 37,759 shares of the exchange traded fund’s stock worth $908,000 after buying an additional 10,872 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.4%

NYSEARCA PHYS 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 fifty day moving average of $27.16 and a 200-day moving average of $25.83.

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.