Wealth Enhancement Advisory Services LLC Raises Position in Sprott Physical Gold Trust $PHYS

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,198,630 shares of the exchange traded fund’s stock after buying an additional 35,989 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.26% of Sprott Physical Gold Trust worth $36,546,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHYS. Intrua Financial LLC bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $1,941,000. FAS Wealth Partners Inc. lifted its position in Sprott Physical Gold Trust by 1.7% in the third quarter. FAS Wealth Partners Inc. now owns 50,345 shares of the exchange traded fund’s stock valued at $1,491,000 after purchasing an additional 830 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 51.8% during the third quarter. Sequoia Financial Advisors LLC now owns 26,765 shares of the exchange traded fund’s stock valued at $793,000 after purchasing an additional 9,131 shares during the period. Leavell Investment Management Inc. grew its holdings in shares of Sprott Physical Gold Trust by 69.2% in the third quarter. Leavell Investment Management Inc. now owns 278,136 shares of the exchange traded fund’s stock worth $8,238,000 after purchasing an additional 113,726 shares during the last quarter. Finally, Littlejohn Financial Services Inc. increased its stake in shares of Sprott Physical Gold Trust by 110.6% in the third quarter. Littlejohn Financial Services Inc. now owns 21,060 shares of the exchange traded fund’s stock worth $624,000 after buying an additional 11,060 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $37.14 on Wednesday. The firm’s 50-day moving average price is $33.04 and its two-hundred day moving average price is $29.75. Sprott Physical Gold Trust has a 12-month low of $21.06 and a 12-month high of $36.43.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.