Sprott Physical Gold Trust $PHYS Stock: Hengehold Capital Management LLC Cuts Stake

Hengehold Capital Management LLC lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 401,038 shares of the exchange traded fund’s stock after selling 33,448 shares during the period. Sprott Physical Gold Trust accounts for about 1.0% of Hengehold Capital Management LLC’s investment portfolio, making the stock its 26th biggest holding. Hengehold Capital Management LLC owned approximately 0.08% of Sprott Physical Gold Trust worth $12,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sequoia Financial Advisors LLC increased its position in Sprott Physical Gold Trust by 1.1% during the second quarter. Sequoia Financial Advisors LLC now owns 28,865 shares of the exchange traded fund’s stock worth $871,000 after buying an additional 319 shares during the last quarter. Summit Financial Strategies Inc. raised its holdings in Sprott Physical Gold Trust by 5.3% during the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock valued at $234,000 after buying an additional 330 shares in the last quarter. Community Financial Services Group LLC lifted its position in shares of Sprott Physical Gold Trust by 8.0% in the second quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock worth $165,000 after buying an additional 400 shares during the last quarter. Wealthspire Retirement LLC lifted its position in shares of Sprott Physical Gold Trust by 7.1% in the first quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock worth $249,000 after buying an additional 464 shares during the last quarter. Finally, Nvest Financial LLC lifted its position in shares of Sprott Physical Gold Trust by 2.2% in the first quarter. Nvest Financial LLC now owns 24,240 shares of the exchange traded fund’s stock worth $859,000 after buying an additional 523 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS traded down $0.02 during trading hours on Friday, hitting $31.50. 2,378,304 shares of the company were exchanged, compared to its average volume of 5,249,710. The firm’s 50 day moving average is $32.78 and its 200-day moving average is $33.02. Sprott Physical Gold Trust has a 52 week low of $29.30 and a 52 week high of $42.07.

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