Mountain Lake Investment Management LLC Sells 28,453 Shares of Sprott Physical Gold Trust $PHYS

Mountain Lake Investment Management LLC lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,140 shares of the exchange traded fund’s stock after selling 28,453 shares during the period. Sprott Physical Gold Trust comprises about 10.2% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 2nd largest holding. Mountain Lake Investment Management LLC owned 0.10% of Sprott Physical Gold Trust worth $13,689,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in Sprott Physical Gold Trust in the first quarter valued at approximately $260,000. Focus Partners Wealth acquired a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth approximately $200,000. PNC Financial Services Group Inc. lifted its position in shares of Sprott Physical Gold Trust by 40.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 215,406 shares of the exchange traded fund’s stock valued at $5,461,000 after buying an additional 61,888 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Sprott Physical Gold Trust by 2.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 33,354 shares of the exchange traded fund’s stock valued at $846,000 after buying an additional 791 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Sprott Physical Gold Trust by 3.8% in the 2nd quarter. Cetera Investment Advisers now owns 1,199,310 shares of the exchange traded fund’s stock valued at $30,403,000 after acquiring an additional 44,234 shares during the period.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $38.05 on Tuesday. The company’s fifty day moving average price is $37.63 and its 200 day moving average price is $33.24. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07.

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