Beaumont Financial Advisors LLC Cuts Position in Sprott Physical Gold Trust $PHYS

Beaumont Financial Advisors LLC decreased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 170,064 shares of the exchange traded fund’s stock after selling 3,050 shares during the period. Beaumont Financial Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $4,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PHYS. Cheviot Value Management LLC purchased a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $30,000. Assetmark Inc. purchased a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $31,000. Continuum Advisory LLC raised its holdings in Sprott Physical Gold Trust by 162.9% in the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 912 shares during the period. North Capital Inc. purchased a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $37,000. Finally, Center for Financial Planning Inc. purchased a new position in Sprott Physical Gold Trust in the first quarter valued at approximately $39,000.

Sprott Physical Gold Trust Trading Up 0.6%

PHYS opened at $28.83 on Friday. The firm’s 50 day moving average is $26.63 and its 200-day moving average is $25.49. Sprott Physical Gold Trust has a 52-week low of $19.63 and a 52-week high of $29.08.

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.