Wealth Enhancement Advisory Services LLC Lowers Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 195,757 shares of the exchange traded fund’s stock after selling 32,183 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $3,387,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after buying an additional 3,298 shares in the last quarter. Clarity Financial LLC acquired a new position in Sprott Physical Gold Trust during the first quarter worth $353,000. Finally, St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust in the first quarter worth $104,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $18.12 on Wednesday. Sprott Physical Gold Trust has a one year low of $14.00 and a one year high of $18.93. The company’s fifty day moving average is $18.14 and its two-hundred day moving average is $17.02.

Sprott Physical Gold Trust Company 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.