Creative Planning Sells 2,691 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Creative Planning lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 185,477 shares of the exchange traded fund’s stock after selling 2,691 shares during the period. Creative Planning’s holdings in Sprott Physical Gold Trust were worth $3,780,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PHYS. Banque Cantonale Vaudoise acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth about $36,000. Sunbelt Securities Inc. bought a new position in Sprott Physical Gold Trust during the second quarter worth $51,000. 1620 Investment Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust in the second quarter valued at $55,000. Evermay Wealth Management LLC raised its position in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares during the period. Finally, Concourse Financial Group Securities Inc. lifted its stake in shares of Sprott Physical Gold Trust by 69.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 2,570 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.4 %

Shares of PHYS opened at $21.33 on Friday. The firm’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $19.00. Sprott Physical Gold Trust has a 52 week low of $15.09 and a 52 week high of $21.37.

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.