Secure Asset Management LLC reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,200 shares of the exchange traded fund’s stock after selling 1,500 shares during the period. Secure Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $205,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth about $28,000. Sunbelt Securities Inc. bought a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $51,000. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust during the third quarter valued at approximately $51,000. Missouri Trust & Investment Co increased its holdings in 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 during the period. Finally, First Horizon Advisors Inc. purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth approximately $54,000.
Sprott Physical Gold Trust Stock Performance
PHYS opened at $21.42 on Friday. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70. The company has a fifty day moving average price of $20.46 and a 200-day moving average price of $20.07.
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.
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