Sprott Physical Gold Trust $PHYS Stock Position Cut by Concorde Financial Corp

Concorde Financial Corp lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 26.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 620,923 shares of the exchange traded fund’s stock after selling 222,374 shares during the quarter. Sprott Physical Gold Trust comprises about 9.3% of Concorde Financial Corp’s holdings, making the stock its biggest holding. Concorde Financial Corp owned about 0.13% of Sprott Physical Gold Trust worth $15,740,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Avantax Advisory Services Inc. boosted its holdings in Sprott Physical Gold Trust by 32.3% in the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock valued at $13,818,000 after purchasing an additional 132,995 shares during the period. HB Wealth Management LLC acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at about $211,000. Beacon Pointe Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 7.8% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after buying an additional 43,296 shares during the period. Allworth Financial LP boosted its stake in shares of Sprott Physical Gold Trust by 45.8% in the 2nd quarter. Allworth Financial LP now owns 22,359 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 7,026 shares during the period. Finally, StoneX Group Inc. grew its position in shares of Sprott Physical Gold Trust by 44.9% during the second quarter. StoneX Group Inc. now owns 62,201 shares of the exchange traded fund’s stock worth $1,577,000 after buying an additional 19,281 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $32.38 on Thursday. The company’s 50 day moving average price is $31.21 and its 200 day moving average price is $28.02. Sprott Physical Gold Trust has a fifty-two week low of $19.89 and a fifty-two week high of $33.31.

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.