Van Den Berg Management I Inc. trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 834,961 shares of the exchange traded fund’s stock after selling 19,887 shares during the quarter. Sprott Physical Gold Trust comprises 6.8% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its biggest position. Van Den Berg Management I Inc. owned 0.18% of Sprott Physical Gold Trust worth $29,591,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in PHYS. Royal Bank of Canada increased its holdings in shares of Sprott Physical Gold Trust by 8.2% during the 4th quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after buying an additional 724,321 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Sprott Physical Gold Trust by 2.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock valued at $184,642,000 after acquiring an additional 125,087 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in Sprott Physical Gold Trust by 26.3% in the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after acquiring an additional 1,154,326 shares during the last quarter. Heritage Wealth Advisors purchased a new position in Sprott Physical Gold Trust in the fourth quarter worth approximately $169,676,000. Finally, Pekin Hardy Strauss Inc. grew its position in Sprott Physical Gold Trust by 1.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,318,119 shares of the exchange traded fund’s stock worth $142,584,000 after acquiring an additional 56,549 shares during the period.
Sprott Physical Gold Trust Price Performance
PHYS stock opened at $30.64 on Friday. The business has a fifty day moving average of $31.92 and a two-hundred day moving average of $34.94. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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