Pasadena Private Wealth LLC lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 36.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 165,312 shares of the exchange traded fund’s stock after selling 95,187 shares during the period. Sprott Physical Gold Trust comprises approximately 0.8% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. Pasadena Private Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $5,859,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its position in Sprott Physical Gold Trust by 1.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 298,901 shares of the exchange traded fund’s stock valued at $10,593,000 after purchasing an additional 3,400 shares in the last quarter. Crown Wealth Group LLC grew its position in shares of Sprott Physical Gold Trust by 2.2% during the 1st quarter. Crown Wealth Group LLC now owns 36,786 shares of the exchange traded fund’s stock worth $1,304,000 after buying an additional 775 shares in the last quarter. Pacific Sage Partners LLC grew its position in shares of Sprott Physical Gold Trust by 1.8% during the 1st quarter. Pacific Sage Partners LLC now owns 327,776 shares of the exchange traded fund’s stock worth $11,616,000 after buying an additional 5,788 shares in the last quarter. Financial Enhancement Group LLC purchased a new position in shares of Sprott Physical Gold Trust during the first quarter valued at $559,000. Finally, Surience Private Wealth LLC increased its stake in shares of Sprott Physical Gold Trust by 247.2% during the first quarter. Surience Private Wealth LLC now owns 35,749 shares of the exchange traded fund’s stock valued at $1,267,000 after buying an additional 25,454 shares during the period.
Sprott Physical Gold Trust Stock Performance
PHYS stock opened at $30.66 on Monday. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07. The business has a 50-day moving average price of $33.85 and a 200 day moving average price of $35.32.
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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