Investment Partners Asset Management Inc. Sells 1,044 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Investment Partners Asset Management Inc. lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,383 shares of the exchange traded fund’s stock after selling 1,044 shares during the quarter. Investment Partners Asset Management Inc.’s holdings in Sprott Physical Gold Trust were worth $250,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PHYS. Jones Financial Companies Lllp purchased a new position in Sprott Physical Gold Trust in the fourth quarter worth $39,000. Smartleaf Asset Management LLC bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth about $40,000. Smithfield Trust Co bought a new stake in Sprott Physical Gold Trust during the fourth quarter worth about $50,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Sprott Physical Gold Trust in the 4th quarter worth about $50,000. Finally, NBC Securities Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 111,150.0% in the 1st quarter. NBC Securities Inc. now owns 2,225 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 2,223 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 0.0%

Shares of Sprott Physical Gold Trust stock opened at $25.37 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $17.83 and a 12 month high of $26.36. The business’s 50-day moving average price is $24.99 and its 200-day moving average price is $22.80.

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.