Wealthcare Capital Management LLC Decreases Position in Sprott Physical Gold Trust $PHYS

Wealthcare Capital Management LLC reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 542,246 shares of the exchange traded fund’s stock after selling 79,064 shares during the quarter. Sprott Physical Gold Trust makes up about 1.8% of Wealthcare Capital Management LLC’s portfolio, making the stock its 7th largest position. Wealthcare Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $17,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the first quarter worth approximately $260,000. Focus Partners Wealth bought a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $200,000. EverSource Wealth Advisors LLC boosted its stake in Sprott Physical Gold Trust by 164.5% in the second quarter. EverSource Wealth Advisors LLC now owns 25,730 shares of the exchange traded fund’s stock valued at $652,000 after acquiring an additional 16,003 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Sprott Physical Gold Trust by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 792,223 shares of the exchange traded fund’s stock worth $20,083,000 after acquiring an additional 19,349 shares during the period. Finally, Walleye Capital LLC grew its holdings in Sprott Physical Gold Trust by 56.0% during the 2nd quarter. Walleye Capital LLC now owns 44,300 shares of the exchange traded fund’s stock worth $1,123,000 after acquiring an additional 15,900 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $35.39 on Friday. The firm has a fifty day moving average of $37.46 and a two-hundred day moving average of $33.87. Sprott Physical Gold Trust has a 52 week low of $22.72 and a 52 week high of $42.07.

About Sprott Physical Gold Trust

(Free Report)

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.

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