Meixler Investment Management Ltd. Sells 22,293 Shares of Sprott Physical Gold Trust $PHYS

Meixler Investment Management Ltd. cut its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 631,977 shares of the exchange traded fund’s stock after selling 22,293 shares during the quarter. Sprott Physical Gold Trust comprises approximately 11.0% of Meixler Investment Management Ltd.’s holdings, making the stock its largest position. Meixler Investment Management Ltd. owned about 0.14% of Sprott Physical Gold Trust worth $16,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PHYS. Ameriflex Group Inc. boosted its holdings in Sprott Physical Gold Trust by 66.7% in the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Tradewinds Capital Management LLC lifted its position in shares of Sprott Physical Gold Trust by 59.8% in the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 407 shares during the last quarter. Cheviot Value Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 1st quarter worth about $30,000. Assetmark Inc. acquired a new position in shares of Sprott Physical Gold Trust during the 1st quarter valued at about $31,000. Finally, Hilltop National Bank acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $32,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $30.35 on Friday. The business has a 50 day moving average price of $29.21 and a 200 day moving average price of $26.80. Sprott Physical Gold Trust has a twelve month low of $19.63 and a twelve month high of $33.31.

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.