Cobblestone Asset Management LLC Sells 621 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cobblestone Asset Management LLC lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 17,653 shares of the exchange traded fund’s stock after selling 621 shares during the period. Cobblestone Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $425,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Vontobel Holding Ltd. lifted its position in shares of Sprott Physical Gold Trust by 127.4% in the fourth quarter. Vontobel Holding Ltd. now owns 22,735 shares of the exchange traded fund’s stock valued at $458,000 after acquiring an additional 12,735 shares in the last quarter. Allworth Financial LP raised its position in Sprott Physical Gold Trust by 78.7% during the fourth quarter. Allworth Financial LP now owns 9,124 shares of the exchange traded fund’s stock valued at $194,000 after purchasing an additional 4,018 shares during the period. Truist Financial Corp raised its position in Sprott Physical Gold Trust by 7.2% during the fourth quarter. Truist Financial Corp now owns 90,924 shares of the exchange traded fund’s stock valued at $1,831,000 after purchasing an additional 6,122 shares during the period. Compass Capital Corp MA ADV purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at approximately $824,000. Finally, Matauro LLC purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at approximately $40,017,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $25.84 on Friday. Sprott Physical Gold Trust has a 1 year low of $17.84 and a 1 year high of $26.42. The stock’s 50 day simple moving average is $25.36 and its two-hundred day simple moving average is $23.10.

Sprott Physical Gold Trust Company 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.