Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Holdings Lowered by Cypress Capital Management LLC WY

Cypress Capital Management LLC WY cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 116,490 shares of the exchange traded fund’s stock after selling 4,347 shares during the period. Sprott Physical Gold Trust makes up approximately 2.7% of Cypress Capital Management LLC WY’s holdings, making the stock its 8th largest holding. Cypress Capital Management LLC WY’s holdings in Sprott Physical Gold Trust were worth $2,346,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in Sprott Physical Gold Trust by 8.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 433,931 shares of the exchange traded fund’s stock valued at $7,837,000 after buying an additional 33,820 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Sprott Physical Gold Trust in the second quarter worth about $51,000. Sanctuary Advisors LLC purchased a new position in Sprott Physical Gold Trust in the second quarter valued at about $9,884,000. Private Client Services LLC grew its stake in Sprott Physical Gold Trust by 8.4% during the 3rd quarter. Private Client Services LLC now owns 46,687 shares of the exchange traded fund’s stock valued at $951,000 after purchasing an additional 3,600 shares in the last quarter. Finally, SMI Advisory Services LLC increased its holdings in Sprott Physical Gold Trust by 4.7% during the 3rd quarter. SMI Advisory Services LLC now owns 309,102 shares of the exchange traded fund’s stock worth $6,361,000 after purchasing an additional 13,816 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 1.3 %

Shares of PHYS opened at $21.56 on Friday. The business’s 50 day moving average is $20.54 and its two-hundred day moving average is $20.13. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70.

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.