Sprott Physical Gold Trust (NYSEARCA:PHYS) Stake Trimmed by HC Advisors LLC

HC Advisors LLC lowered its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 71,206 shares of the exchange traded fund’s stock after selling 2,455 shares during the period. Sprott Physical Gold Trust accounts for approximately 1.2% of HC Advisors LLC’s holdings, making the stock its 18th biggest position. HC Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $1,434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Legacy Investment Solutions LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $28,000. Missouri Trust & Investment Co increased its holdings in shares of Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares during the period. First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $54,000. Salomon & Ludwin LLC acquired a new position in shares of Sprott Physical Gold Trust in the 4th quarter valued at about $65,000. Finally, AdvisorNet Financial Inc increased its holdings in shares of Sprott Physical Gold Trust by 7,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 3,500 shares during the period.

Sprott Physical Gold Trust Trading Down 1.5 %

Shares of PHYS opened at $22.31 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $15.64 and a fifty-two week high of $22.91. The business’s 50-day moving average is $21.35 and its 200-day moving average is $20.64.

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.