National Bank of Canada FI Cuts Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

National Bank of Canada FI decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 6.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 452,483 shares of the exchange traded fund’s stock after selling 33,010 shares during the period. National Bank of Canada FI owned about 0.11% of Sprott Physical Gold Trust worth $9,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new stake in Sprott Physical Gold Trust in the fourth quarter worth approximately $44,631,000. Matauro LLC bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $40,017,000. IMC Chicago LLC raised its position in Sprott Physical Gold Trust by 5,078.7% in the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after purchasing an additional 1,986,646 shares during the period. Kestra Advisory Services LLC lifted its stake in Sprott Physical Gold Trust by 1,026.9% in the fourth quarter. Kestra Advisory Services LLC now owns 1,451,077 shares of the exchange traded fund’s stock worth $29,225,000 after purchasing an additional 1,322,305 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its stake in shares of Sprott Physical Gold Trust by 1,536.2% during the fourth quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock valued at $15,027,000 after buying an additional 700,524 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 2.7 %

PHYS opened at $23.40 on Friday. Sprott Physical Gold Trust has a 12 month low of $17.64 and a 12 month high of $24.28. The business’s 50-day moving average price is $22.74 and its 200-day moving average price is $21.33.

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.