Simplicity Wealth LLC Grows Position in Sprott Physical Gold Trust $PHYS

Simplicity Wealth LLC increased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 53.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,036 shares of the exchange traded fund’s stock after buying an additional 27,528 shares during the period. Simplicity Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $2,341,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PHYS. Ameriflex Group Inc. raised its holdings in Sprott Physical Gold Trust by 66.7% in the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the second quarter worth $25,000. Tradewinds Capital Management LLC grew its position in shares of Sprott Physical Gold Trust by 59.8% in the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 407 shares during the period. MTM Investment Management LLC acquired a new position in Sprott Physical Gold Trust in the second quarter valued at $30,000. Finally, Hilltop National Bank acquired a new position in Sprott Physical Gold Trust in the second quarter valued at $32,000.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $37.56 on Friday. The stock’s 50-day moving average price is $33.26 and its two-hundred day moving average price is $29.85. Sprott Physical Gold Trust has a 12-month low of $21.07 and a 12-month high of $37.61.

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.