NewEdge Wealth LLC Cuts Stake in Sprott Physical Gold Trust $PHYS

NewEdge Wealth LLC lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.3% in the 1st quarter, Holdings Channel reports. The firm owned 234,115 shares of the exchange traded fund’s stock after selling 26,828 shares during the period. NewEdge Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $8,297,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fiduciary Alliance LLC boosted its holdings in Sprott Physical Gold Trust by 4.4% in the 4th quarter. Fiduciary Alliance LLC now owns 7,195 shares of the exchange traded fund’s stock worth $238,000 after buying an additional 300 shares during the last quarter. Latitude Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 1.0% during the fourth quarter. Latitude Advisors LLC now owns 30,540 shares of the exchange traded fund’s stock valued at $1,008,000 after acquiring an additional 300 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Sprott Physical Gold Trust by 2.5% in the fourth quarter. Principal Securities Inc. now owns 12,600 shares of the exchange traded fund’s stock valued at $416,000 after acquiring an additional 302 shares in the last quarter. Summit Financial Strategies Inc. lifted its position in shares of Sprott Physical Gold Trust by 5.3% in the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock valued at $234,000 after acquiring an additional 330 shares in the last quarter. Finally, Euro Pacific Asset Management LLC boosted its stake in shares of Sprott Physical Gold Trust by 0.9% in the fourth quarter. Euro Pacific Asset Management LLC now owns 48,180 shares of the exchange traded fund’s stock worth $1,591,000 after acquiring an additional 408 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 2.0%

Shares of PHYS opened at $30.60 on Friday. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07. The stock has a 50 day moving average price of $31.99 and a 200 day moving average price of $34.97.

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.