Wealthcare Capital Management LLC Purchases 147,721 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wealthcare Capital Management LLC lifted its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,911,707 shares of the exchange traded fund’s stock after purchasing an additional 147,721 shares during the quarter. Sprott Physical Gold Trust accounts for about 3.9% of Wealthcare Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Wealthcare Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $38,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust in the 3rd quarter valued at approximately $28,000. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth approximately $51,000. Missouri Trust & Investment Co grew its stake in shares of Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,609 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $54,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust in the second quarter worth $51,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $20.96 on Friday. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70. The firm has a fifty day simple moving average of $20.32 and a 200 day simple moving average of $19.94.

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.