Sprott Physical Gold Trust (NYSEARCA:PHYS) Position Reduced by Guild Investment Management Inc.

Guild Investment Management Inc. reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,170 shares of the exchange traded fund’s stock after selling 4,435 shares during the period. Sprott Physical Gold Trust makes up 8.4% of Guild Investment Management Inc.’s portfolio, making the stock its 2nd biggest holding. Guild Investment Management Inc.’s holdings in Sprott Physical Gold Trust were worth $7,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Straight Path Wealth Management raised its holdings in shares of Sprott Physical Gold Trust by 1.5% during the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after acquiring an additional 500 shares in the last quarter. Wealth Alliance Advisory Group LLC boosted its holdings in Sprott Physical Gold Trust by 4.3% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 500 shares during the last quarter. J.W. Cole Advisors Inc. lifted its holdings in Sprott Physical Gold Trust by 1.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 519 shares during the period. Islay Capital Management LLC increased its holdings in Sprott Physical Gold Trust by 1.4% during the third quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after buying an additional 550 shares during the last quarter. Finally, Nwam LLC grew its stake in shares of Sprott Physical Gold Trust by 0.9% during the 4th quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock valued at $1,256,000 after acquiring an additional 557 shares during the period.

Sprott Physical Gold Trust Stock Up 0.7 %

Shares of PHYS stock opened at $22.64 on Wednesday. The stock’s 50-day moving average price is $21.73 and its 200-day moving average price is $20.84. Sprott Physical Gold Trust has a 12-month low of $16.66 and a 12-month high of $22.91.

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.