AE Wealth Management LLC Buys 3,426 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

AE Wealth Management LLC grew its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,370 shares of the exchange traded fund’s stock after purchasing an additional 3,426 shares during the quarter. AE Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,108,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PHYS. Brookstone Capital Management raised its position in shares of Sprott Physical Gold Trust by 2.7% in the first quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after purchasing an additional 3,298 shares during the period. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $104,000. Clarity Financial LLC acquired a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $353,000. Howard Financial Services LTD. acquired a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $175,000. Finally, Sandy Cove Advisors LLC grew its stake in shares of Sprott Physical Gold Trust by 27.9% in the first quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock valued at $529,000 after acquiring an additional 6,667 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $20.66 on Wednesday. The company’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $18.45. Sprott Physical Gold Trust has a 52 week low of $14.00 and a 52 week high of $20.67.

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.