Palumbo Wealth Management LLC Lowers Stock Position in Sprott Physical Gold Trust $PHYS

Palumbo Wealth Management LLC cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198,416 shares of the exchange traded fund’s stock after selling 33,725 shares during the period. Sprott Physical Gold Trust accounts for 1.5% of Palumbo Wealth Management LLC’s holdings, making the stock its 16th biggest holding. Palumbo Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $5,877,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Jupiter Asset Management Ltd. lifted its holdings in Sprott Physical Gold Trust by 39.8% during the third quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock worth $92,913,000 after buying an additional 896,347 shares during the period. Jane Street Group LLC increased its holdings in shares of Sprott Physical Gold Trust by 65.8% in the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock valued at $41,023,000 after acquiring an additional 642,224 shares during the period. Cerity Partners LLC raised its position in shares of Sprott Physical Gold Trust by 552.0% in the 3rd quarter. Cerity Partners LLC now owns 508,322 shares of the exchange traded fund’s stock worth $15,057,000 after acquiring an additional 430,358 shares in the last quarter. CENTRAL TRUST Co raised its position in shares of Sprott Physical Gold Trust by 9.1% in the 3rd quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock worth $137,709,000 after acquiring an additional 388,033 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of Sprott Physical Gold Trust by 47.1% during the 2nd quarter. Tidal Investments LLC now owns 867,575 shares of the exchange traded fund’s stock worth $21,993,000 after purchasing an additional 277,648 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 3.2%

Shares of PHYS stock opened at $39.91 on Tuesday. The stock’s 50-day moving average is $35.94 and its 200 day moving average is $31.82. Sprott Physical Gold Trust has a 1-year low of $21.96 and a 1-year high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.