Bruce G. Allen Investments LLC Sells 16,382 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bruce G. Allen Investments LLC lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYSFree Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,300 shares of the exchange traded fund’s stock after selling 16,382 shares during the quarter. Sprott Physical Gold Trust makes up 2.8% of Bruce G. Allen Investments LLC’s holdings, making the stock its 7th biggest position. Bruce G. Allen Investments LLC’s holdings in Sprott Physical Gold Trust were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new position in shares of Sprott Physical Gold Trust in the second quarter valued at about $164,000. Perritt Capital Management Inc grew its position in shares of Sprott Physical Gold Trust by 1.1% in the second quarter. Perritt Capital Management Inc now owns 352,572 shares of the exchange traded fund’s stock valued at $6,367,000 after purchasing an additional 3,815 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in shares of Sprott Physical Gold Trust by 24.1% during the second quarter. Thoroughbred Financial Services LLC now owns 12,595 shares of the exchange traded fund’s stock worth $227,000 after purchasing an additional 2,445 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Sprott Physical Gold Trust by 28.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after purchasing an additional 361,514 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in Sprott Physical Gold Trust by 7.4% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 42,012 shares of the exchange traded fund’s stock valued at $759,000 after purchasing an additional 2,900 shares during the period.

Sprott Physical Gold Trust Stock Up 1.3 %

PHYS stock traded up $0.27 during trading hours on Friday, hitting $20.74. 4,374,461 shares of the stock were exchanged, compared to its average volume of 2,592,751. The company has a 50-day simple moving average of $20.35 and a two-hundred day simple moving average of $19.84. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70.

Sprott Physical Gold Trust Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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