Prime Capital Investment Advisors LLC Cuts Stake in Sprott Physical Gold Trust $PHYS

Prime Capital Investment Advisors LLC lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 77.7% in the second quarter, Holdings Channel reports. The firm owned 8,255 shares of the exchange traded fund’s stock after selling 28,711 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of PHYS. Ameriflex Group Inc. increased its stake 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 worth $25,000 after purchasing an additional 400 shares in the last quarter. Cheviot Value Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth about $30,000. Assetmark Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth about $31,000. Hilltop National Bank purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth about $32,000. Finally, Continuum Advisory LLC increased its stake in shares of Sprott Physical Gold Trust by 162.9% during the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock worth $35,000 after purchasing an additional 912 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $30.70 on Monday. The firm has a 50-day simple moving average of $27.58 and a 200-day simple moving average of $26.03. Sprott Physical Gold Trust has a 52 week low of $19.63 and a 52 week high of $31.10.

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.