Cypress Capital Management LLC WY Sells 25,504 Shares of Sprott Physical Gold Trust $PHYS

Cypress Capital Management LLC WY reduced its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 22.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 89,525 shares of the exchange traded fund’s stock after selling 25,504 shares during the period. Sprott Physical Gold Trust makes up about 2.5% of Cypress Capital Management LLC WY’s portfolio, making the stock its 12th largest position. Cypress Capital Management LLC WY’s holdings in Sprott Physical Gold Trust were worth $2,269,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Prospera Financial Services Inc boosted its stake in shares of Sprott Physical Gold Trust by 49.9% during the 2nd quarter. Prospera Financial Services Inc now owns 482,843 shares of the exchange traded fund’s stock worth $12,240,000 after acquiring an additional 160,832 shares during the period. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at $36,000. Quadrant Private Wealth Management LLC boosted its position in Sprott Physical Gold Trust by 2.0% during the second quarter. Quadrant Private Wealth Management LLC now owns 101,513 shares of the exchange traded fund’s stock worth $2,573,000 after purchasing an additional 2,000 shares during the period. Wedbush Securities Inc. boosted its position in Sprott Physical Gold Trust by 8.1% during the second quarter. Wedbush Securities Inc. now owns 24,913 shares of the exchange traded fund’s stock worth $632,000 after purchasing an additional 1,862 shares during the period. Finally, RPS Advisory Solutions LLC increased its holdings in shares of Sprott Physical Gold Trust by 143.4% in the second quarter. RPS Advisory Solutions LLC now owns 25,297 shares of the exchange traded fund’s stock valued at $641,000 after purchasing an additional 14,905 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $30.42 on Friday. The company’s 50-day moving average is $29.62 and its 200-day moving average is $26.95. Sprott Physical Gold Trust has a fifty-two week low of $19.63 and a fifty-two week high of $33.31.

Sprott Physical Gold Trust Company 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.