Proactive Wealth Strategies LLC Increases Stock Position in Sprott Physical Gold Trust $PHYS

Proactive Wealth Strategies LLC grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 22.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 135,416 shares of the exchange traded fund’s stock after buying an additional 24,534 shares during the period. Sprott Physical Gold Trust makes up approximately 1.6% of Proactive Wealth Strategies LLC’s investment portfolio, making the stock its 15th largest holding. Proactive Wealth Strategies LLC’s holdings in Sprott Physical Gold Trust were worth $3,433,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PHYS. Avantax Advisory Services Inc. grew its holdings in shares of Sprott Physical Gold Trust by 32.3% in the 2nd quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after acquiring an additional 132,995 shares during the period. HB Wealth Management LLC acquired a new position in Sprott Physical Gold Trust during the second quarter worth $211,000. Allworth Financial LP boosted its position in Sprott Physical Gold Trust by 45.8% during 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 in the last quarter. Beacon Pointe Advisors LLC grew its holdings in 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 valued at $15,154,000 after purchasing an additional 43,296 shares during the last quarter. Finally, Kerntke Otto McGlone Wealth Management Group purchased a new position in shares of Sprott Physical Gold Trust in the second quarter valued at $1,974,000.

Sprott Physical Gold Trust Stock Up 0.0%

NYSEARCA:PHYS opened at $32.18 on Friday. Sprott Physical Gold Trust has a 52-week low of $19.89 and a 52-week high of $33.31. The stock has a fifty day simple moving average of $30.98 and a 200-day simple moving average of $27.80.

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.