Verity Asset Management Inc. Reduces Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Verity Asset Management Inc. reduced its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,131 shares of the exchange traded fund’s stock after selling 32,473 shares during the quarter. Verity Asset Management Inc.’s holdings in Sprott Physical Gold Trust were worth $828,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in Sprott Physical Gold Trust during the 3rd quarter worth $28,000. St. Johns Investment Management Company LLC purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $51,000. Missouri Trust & Investment Co boosted its stake in shares of Sprott Physical Gold Trust by 160.9% during the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,609 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust during the third quarter worth about $54,000. Finally, AdvisorNet Financial Inc increased its position in Sprott Physical Gold Trust by 7,000.0% in the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock valued at $71,000 after acquiring an additional 3,500 shares during the period.

Sprott Physical Gold Trust Stock Up 0.7 %

Sprott Physical Gold Trust stock opened at $21.80 on Tuesday. The stock has a 50 day moving average of $20.59 and a two-hundred day moving average of $20.19. Sprott Physical Gold Trust has a twelve month low of $15.31 and a twelve month high of $21.87.

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.