Pasadena Private Wealth LLC Sells 95,187 Shares of Sprott Physical Gold Trust $PHYS

Pasadena Private Wealth LLC lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 36.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,312 shares of the exchange traded fund’s stock after selling 95,187 shares during the period. Sprott Physical Gold Trust accounts for about 0.8% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 26th biggest holding. Pasadena Private Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $5,859,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PHYS. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust during the 4th quarter worth $33,000. Financial Management Professionals Inc. bought a new stake in Sprott Physical Gold Trust during the fourth quarter valued at about $36,000. Eastern Bank purchased a new position in Sprott Physical Gold Trust in the fourth quarter valued at about $47,000. Strategic Advocates LLC purchased a new position in Sprott Physical Gold Trust in the third quarter valued at about $51,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Sprott Physical Gold Trust in the fourth quarter worth about $64,000.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $30.66 on Monday. The company has a 50-day simple moving average of $33.85 and a two-hundred day simple moving average of $35.32. Sprott Physical Gold Trust has a one year low of $24.86 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.