Sprott Physical Gold Trust $PHYS Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,476 shares of the exchange traded fund’s stock after selling 17,573 shares during the period. Geneos Wealth Management Inc.’s holdings in Sprott Physical Gold Trust were worth $6,396,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth about $169,676,000. CENTRAL TRUST Co lifted its position in shares of Sprott Physical Gold Trust by 26.3% in the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after acquiring an additional 1,154,326 shares in the last quarter. 3EDGE Asset Management LP purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $31,652,000. Royal Bank of Canada boosted its stake in shares of Sprott Physical Gold Trust by 8.2% in the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after acquiring an additional 724,321 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Sprott Physical Gold Trust by 65.8% in the second quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after acquiring an additional 642,224 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 1.9%

Shares of PHYS opened at $30.00 on Friday. The stock has a 50 day moving average price of $32.49 and a 200 day moving average price of $35.06. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07.

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