CENTRAL TRUST Co decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 0.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,279,242 shares of the exchange traded fund’s stock after selling 22,716 shares during the period. Sprott Physical Gold Trust makes up approximately 3.0% of CENTRAL TRUST Co’s holdings, making the stock its 4th biggest position. CENTRAL TRUST Co’s holdings in Sprott Physical Gold Trust were worth $127,971,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management boosted its stake in Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after purchasing an additional 3,298 shares during the last quarter. Howard Financial Services LTD. purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter valued at $175,000. Sandy Cove Advisors LLC increased its holdings in Sprott Physical Gold Trust by 27.9% in the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock worth $529,000 after buying an additional 6,667 shares in the last quarter. TCP Asset Management LLC raised its position in Sprott Physical Gold Trust by 48.7% in the 1st quarter. TCP Asset Management LLC now owns 574,132 shares of the exchange traded fund’s stock worth $9,932,000 after buying an additional 188,047 shares during the last quarter. Finally, Ndwm LLC lifted its stake in Sprott Physical Gold Trust by 34.7% during the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after acquiring an additional 4,911 shares during the period.
Sprott Physical Gold Trust Stock Down 1.1 %
Shares of NYSEARCA PHYS opened at $21.11 on Thursday. The firm’s 50-day moving average price is $20.11 and its 200-day moving average price is $18.96. Sprott Physical Gold Trust has a 52-week low of $15.09 and a 52-week high of $21.37.
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.
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