Sprott Physical Gold Trust $PHYS Shares Sold by Wealthcare Capital Management LLC

Wealthcare Capital Management LLC lowered its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,077,957 shares of the exchange traded fund’s stock after selling 621,232 shares during the period. Sprott Physical Gold Trust makes up about 2.9% of Wealthcare Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Wealthcare Capital Management LLC owned approximately 0.23% of Sprott Physical Gold Trust worth $27,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. boosted its position in Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at approximately $30,000. Assetmark Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at approximately $31,000. Hilltop National Bank acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $32,000. Finally, Continuum Advisory LLC raised its position 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 purchasing an additional 912 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.8%

Shares of NYSEARCA:PHYS opened at $29.86 on Friday. Sprott Physical Gold Trust has a one year low of $19.63 and a one year high of $29.92. The business’s fifty day moving average price is $27.06 and its two-hundred day moving average price is $25.77.

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.