Cobblestone Capital Advisors LLC NY Sells 1,684 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cobblestone Capital Advisors LLC NY lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,949 shares of the exchange traded fund’s stock after selling 1,684 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Sprott Physical Gold Trust were worth $396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Banque Cantonale Vaudoise purchased a new position in Sprott Physical Gold Trust during the second quarter valued at approximately $36,000. 1620 Investment Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $55,000. Evermay Wealth Management LLC increased its holdings in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares during the period. St. Johns Investment Management Company LLC purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter worth $104,000. Finally, Concourse Financial Group Securities Inc. boosted its stake in Sprott Physical Gold Trust by 69.3% during the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after buying an additional 2,570 shares during the period.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock traded down $0.16 during midday trading on Friday, hitting $19.43. 2,234,045 shares of the company’s stock were exchanged, compared to its average volume of 2,039,615. The stock has a 50-day moving average price of $18.93 and a two-hundred day moving average price of $18.08. Sprott Physical Gold Trust has a 52-week low of $14.00 and a 52-week high of $19.67.

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.