Prospera Financial Services Inc lowered its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 8.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,041 shares of the exchange traded fund’s stock after selling 44,859 shares during the period. Prospera Financial Services Inc owned approximately 0.10% of Sprott Physical Gold Trust worth $15,851,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of PHYS. AQR Capital Management LLC purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter valued at $260,000. Focus Partners Wealth purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth $200,000. Cerity Partners LLC raised its holdings in shares of Sprott Physical Gold Trust by 14.0% during the second quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after acquiring an additional 9,585 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 43.6% during the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after acquiring an additional 27,724 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Sprott Physical Gold Trust during the second quarter worth $489,000.
Sprott Physical Gold Trust Trading Down 0.8%
Shares of NYSEARCA:PHYS opened at $34.11 on Friday. Sprott Physical Gold Trust has a 1 year low of $24.86 and a 1 year high of $42.07. The business has a fifty day simple moving average of $35.43 and a 200 day simple moving average of $35.11.
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.
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