B. Riley Wealth Advisors Inc. Trims Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

B. Riley Wealth Advisors Inc. lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 90.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,210 shares of the exchange traded fund’s stock after selling 151,578 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth about $36,000. Sunbelt Securities Inc. acquired a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $51,000. 1620 Investment Advisors Inc. purchased a new stake in Sprott Physical Gold Trust in the 2nd quarter worth approximately $55,000. Evermay Wealth Management LLC raised its holdings in Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after acquiring an additional 3,321 shares during the last quarter. Finally, St. Johns Investment Management Company LLC purchased a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth $104,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $20.40 on Wednesday. Sprott Physical Gold Trust has a 52-week low of $14.24 and a 52-week high of $20.75. The stock’s fifty day simple moving average is $19.69 and its 200-day simple moving average is $18.71.

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.