NewEdge Advisors LLC lessened its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 25.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,537 shares of the exchange traded fund’s stock after selling 23,431 shares during the quarter. NewEdge Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $2,429,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in 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 valued at $314,220,000 after acquiring an additional 724,321 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in Sprott Physical Gold Trust by 2.3% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,589,846 shares of the exchange traded fund’s stock worth $184,642,000 after acquiring an additional 125,087 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of 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 purchasing an additional 1,154,326 shares in the last quarter. Heritage Wealth Advisors acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $169,676,000. Finally, Pekin Hardy Strauss Inc. grew its position in shares of 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 valued at $142,584,000 after purchasing an additional 56,549 shares during the last quarter.
Sprott Physical Gold Trust Price Performance
Shares of PHYS opened at $30.59 on Friday. The firm has a 50 day simple moving average of $31.56 and a 200-day simple moving average of $34.82. Sprott Physical Gold Trust has a 1-year low of $25.15 and a 1-year high of $42.07.
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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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