SMI Advisory Services LLC Sells 3,384 Shares of Sprott Physical Gold Trust $PHYS

SMI Advisory Services LLC reduced its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.0% during the second quarter, HoldingsChannel reports. The firm owned 341,901 shares of the exchange traded fund’s stock after selling 3,384 shares during the period. Sprott Physical Gold Trust comprises 1.7% of SMI Advisory Services LLC’s portfolio, making the stock its 15th biggest holding. SMI Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $8,756,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cheviot Value Management LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter valued at $30,000. Assetmark Inc. bought a new position in Sprott Physical Gold Trust in the first quarter valued at about $31,000. Continuum Advisory LLC lifted its holdings in Sprott Physical Gold Trust by 162.9% in the first quarter. Continuum Advisory LLC now owns 1,472 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 912 shares during the period. North Capital Inc. bought a new position in Sprott Physical Gold Trust in the first quarter valued at about $37,000. Finally, Center for Financial Planning Inc. bought a new position in Sprott Physical Gold Trust in the first quarter valued at about $39,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $29.62 on Wednesday. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $29.62. The business’s 50-day moving average is $26.83 and its two-hundred day moving average is $25.64.

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.