NovaPoint Capital LLC Sells 8,472 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

NovaPoint Capital LLC lowered its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,275 shares of the exchange traded fund’s stock after selling 8,472 shares during the quarter. NovaPoint Capital LLC’s holdings in Sprott Physical Gold Trust were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $36,000. Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $51,000. 1620 Investment Advisors Inc. bought a new position in Sprott Physical Gold Trust during the second quarter worth $55,000. Evermay Wealth Management LLC boosted its holdings in Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares during the period. Finally, St. Johns Investment Management Company LLC acquired a new stake in Sprott Physical Gold Trust in the 1st quarter worth $104,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $21.13 on Friday. Sprott Physical Gold Trust has a twelve month low of $15.09 and a twelve month high of $21.15. The business’s 50-day simple moving average is $19.99 and its 200 day simple moving average is $18.88.

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.