Wakefield Asset Management LLLP Takes $1.48 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wakefield Asset Management LLLP purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 81,658 shares of the exchange traded fund’s stock, valued at approximately $1,475,000.

A number of other hedge funds also recently bought and sold shares of PHYS. Latitude Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 2.2% in the 1st quarter. Latitude Advisors LLC now owns 27,571 shares of the exchange traded fund’s stock valued at $477,000 after purchasing an additional 600 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Sprott Physical Gold Trust by 0.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 251,686 shares of the exchange traded fund’s stock valued at $4,545,000 after buying an additional 851 shares during the period. ADE LLC lifted its position in Sprott Physical Gold Trust by 2.5% in the second quarter. ADE LLC now owns 44,310 shares of the exchange traded fund’s stock worth $800,000 after buying an additional 1,100 shares during the last quarter. Graypoint LLC boosted its stake in Sprott Physical Gold Trust by 6.8% during the second quarter. Graypoint LLC now owns 17,522 shares of the exchange traded fund’s stock worth $316,000 after buying an additional 1,123 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in Sprott Physical Gold Trust by 9.0% during the first quarter. Koshinski Asset Management Inc. now owns 16,975 shares of the exchange traded fund’s stock valued at $294,000 after acquiring an additional 1,405 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $19.43 on Friday. The company’s fifty day simple moving average is $18.93 and its 200-day simple moving average is $18.08. Sprott Physical Gold Trust has a twelve month low of $14.00 and a twelve month high of $19.67.

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.