Freedom Investment Management Inc. Has $958,000 Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Freedom Investment Management Inc. decreased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,583 shares of the exchange traded fund’s stock after selling 2,353 shares during the quarter. Freedom Investment Management Inc.’s holdings in Sprott Physical Gold Trust were worth $958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its position in shares of Sprott Physical Gold Trust by 7,000.0% in the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 3,500 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sprott Physical Gold Trust by 74.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock valued at $8,056,000 after purchasing an additional 168,288 shares during the period. Sigma Planning Corp grew its position in shares of Sprott Physical Gold Trust by 1.2% during the 4th quarter. Sigma Planning Corp now owns 63,560 shares of the exchange traded fund’s stock worth $1,280,000 after purchasing an additional 770 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth approximately $40,000. Finally, Synergy Asset Management LLC bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth approximately $96,000.

Sprott Physical Gold Trust Trading Down 0.4 %

Shares of PHYS stock opened at $25.51 on Friday. Sprott Physical Gold Trust has a 1 year low of $17.64 and a 1 year high of $25.63. The stock has a 50 day simple moving average of $23.32 and a 200 day simple moving average of $21.64.

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.