Pure Financial Advisors LLC Reduces Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pure Financial Advisors LLC lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 16.2% in the 3rd quarter, Holdings Channel reports. The fund owned 9,823 shares of the exchange traded fund’s stock after selling 1,900 shares during the quarter. Pure Financial Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $200,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Concourse Financial Group Securities Inc. grew its stake in shares of Sprott Physical Gold Trust by 9.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after buying an additional 615 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of Sprott Physical Gold Trust by 0.3% in the 2nd quarter. Geneos Wealth Management Inc. now owns 251,686 shares of the exchange traded fund’s stock worth $4,545,000 after acquiring an additional 851 shares during the last quarter. Foundations Investment Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 4.8% in the 3rd quarter. Foundations Investment Advisors LLC now owns 20,082 shares of the exchange traded fund’s stock worth $409,000 after acquiring an additional 917 shares during the last quarter. Moors & Cabot Inc. lifted its holdings in shares of Sprott Physical Gold Trust by 0.7% in the 2nd quarter. Moors & Cabot Inc. now owns 140,209 shares of the exchange traded fund’s stock worth $2,532,000 after acquiring an additional 999 shares during the last quarter. Finally, ADE LLC lifted its holdings in shares of Sprott Physical Gold Trust by 2.5% in the 2nd quarter. ADE LLC now owns 44,310 shares of the exchange traded fund’s stock worth $800,000 after acquiring an additional 1,100 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $21.28 on Tuesday. The firm’s 50 day moving average price is $20.39 and its 200-day moving average price is $19.12. Sprott Physical Gold Trust has a one year low of $15.09 and a one year high of $21.70.

About Sprott Physical Gold Trust

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.