Sprott Physical Gold Trust $PHYS Position Lessened by Prospera Financial Services Inc

Prospera Financial Services Inc trimmed its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,041 shares of the exchange traded fund’s stock after selling 44,859 shares during the period. Prospera Financial Services Inc’s holdings in Sprott Physical Gold Trust were worth $15,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PHYS. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $33,000. Financial Management Professionals Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $36,000. Eastern Bank purchased a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $47,000. Strategic Advocates LLC acquired a new position in Sprott Physical Gold Trust during the third quarter worth $51,000. Finally, Legacy Wealth Managment LLC ID increased its position in Sprott Physical Gold Trust by 49.3% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 714 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $34.11 on Friday. Sprott Physical Gold Trust has a one year low of $24.86 and a one year high of $42.07. The company’s fifty day moving average price is $35.43 and its two-hundred day moving average price is $35.11.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.