Basepoint Wealth LLC trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 5.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,001,803 shares of the exchange traded fund’s stock after selling 58,434 shares during the quarter. Sprott Physical Gold Trust accounts for 20.1% of Basepoint Wealth LLC’s holdings, making the stock its 2nd biggest holding. Basepoint Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $33,080,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at approximately $33,000. Financial Management Professionals Inc. bought a new position in Sprott Physical Gold Trust during the fourth quarter worth $36,000. Eastern Bank bought a new position in Sprott Physical Gold Trust during the fourth quarter worth $47,000. Strategic Advocates LLC acquired a new position in Sprott Physical Gold Trust in the third quarter worth $51,000. Finally, Legacy Wealth Managment LLC ID boosted its holdings in Sprott Physical Gold Trust by 49.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 714 shares during the period.
Sprott Physical Gold Trust Trading Up 1.0%
PHYS stock opened at $34.01 on Friday. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07. The firm has a fifty day moving average price of $35.10 and a two-hundred day moving average price of $35.25.
Sprott Physical Gold Trust 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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