Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Position Reduced by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,373,955 shares of the exchange traded fund’s stock after selling 2,542,689 shares during the period. Sprott Physical Gold Trust accounts for about 0.9% of Polar Asset Management Partners Inc.’s investment portfolio, making the stock its 15th biggest holding. Polar Asset Management Partners Inc. owned about 1.10% of Sprott Physical Gold Trust worth $88,091,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Challenger Wealth Management purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth approximately $334,000. Sunbelt Securities Inc. boosted its holdings in Sprott Physical Gold Trust by 98.7% in the fourth quarter. Sunbelt Securities Inc. now owns 5,960 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 2,960 shares in the last quarter. Pettinga Financial Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 29.6% in the 4th quarter. Pettinga Financial Advisors LLC now owns 46,197 shares of the exchange traded fund’s stock valued at $930,000 after acquiring an additional 10,550 shares in the last quarter. Harmony Asset Management LLC raised its position in shares of Sprott Physical Gold Trust by 11.7% in the fourth quarter. Harmony Asset Management LLC now owns 38,761 shares of the exchange traded fund’s stock valued at $781,000 after purchasing an additional 4,067 shares during the period. Finally, Waverly Advisors LLC lifted its position in Sprott Physical Gold Trust by 52.2% during the 4th quarter. Waverly Advisors LLC now owns 46,855 shares of the exchange traded fund’s stock worth $944,000 after acquiring an additional 16,076 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $24.18 on Thursday. The company’s fifty day simple moving average is $24.29 and its 200-day simple moving average is $22.18. Sprott Physical Gold Trust has a 1 year low of $17.80 and a 1 year high of $26.36.

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.