Sprott Physical Gold Trust $PHYS Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 234,115 shares of the exchange traded fund’s stock after selling 26,828 shares during the period. NewEdge Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $8,297,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PHYS. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott Physical Gold Trust during the fourth quarter valued at $33,000. Financial Management Professionals Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth about $36,000. Scarborough Advisors LLC grew its position in shares of Sprott Physical Gold Trust by 2,202.0% during the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,101 shares during the period. Eastern Bank acquired a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $47,000. Finally, Main Street Group LTD purchased a new position in shares of Sprott Physical Gold Trust in the 1st quarter valued at about $54,000.

Sprott Physical Gold Trust Stock Down 2.0%

NYSEARCA PHYS opened at $30.60 on Friday. The stock has a 50-day moving average of $31.99 and a 200 day moving average of $34.97. Sprott Physical Gold Trust has a twelve month low of $25.00 and a twelve month 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.