Precision Wealth Strategies LLC Invests $1.38 Million in Sprott Physical Gold Trust $PHYS

Precision Wealth Strategies LLC acquired a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 46,635 shares of the exchange traded fund’s stock, valued at approximately $1,381,000.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. grew its holdings in shares of Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Manchester Capital Management LLC acquired a new position in Sprott Physical Gold Trust during the 2nd quarter valued at approximately $25,000. Tradewinds Capital Management LLC grew its stake in Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares during the last quarter. MTM Investment Management LLC bought a new position in Sprott Physical Gold Trust during the 2nd quarter worth $30,000. Finally, Hilltop National Bank acquired a new stake in Sprott Physical Gold Trust in the second quarter worth $32,000.

Sprott Physical Gold Trust Trading Down 0.6%

PHYS stock opened at $34.28 on Friday. Sprott Physical Gold Trust has a 1 year low of $19.96 and a 1 year high of $34.47. The stock’s fifty day moving average is $31.75 and its two-hundred day moving average is $28.61.

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.