Hengehold Capital Management LLC Purchases 21,124 Shares of Sprott Physical Gold Trust $PHYS

Hengehold Capital Management LLC grew its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 477,575 shares of the exchange traded fund’s stock after acquiring an additional 21,124 shares during the quarter. Sprott Physical Gold Trust makes up about 1.2% of Hengehold Capital Management LLC’s holdings, making the stock its 20th biggest holding. Hengehold Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $14,146,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. World Investment Advisors boosted its position in Sprott Physical Gold Trust by 36.4% during the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock valued at $5,689,000 after buying an additional 51,243 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 32.3% during the second quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after purchasing an additional 132,995 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth about $211,000. Beacon Pointe Advisors LLC grew its stake in shares of Sprott Physical Gold Trust by 7.8% in the second quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock worth $15,154,000 after purchasing an additional 43,296 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Sprott Physical Gold Trust by 45.8% in the second quarter. Allworth Financial LP now owns 22,359 shares of the exchange traded fund’s stock worth $567,000 after purchasing an additional 7,026 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.3%

PHYS opened at $34.73 on Friday. Sprott Physical Gold Trust has a one year low of $19.96 and a one year high of $34.83. The business has a 50 day simple moving average of $31.80 and a two-hundred day simple moving average of $28.70.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.