Fiduciary Trust Co Sells 1,835 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Fiduciary Trust Co lowered its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,720 shares of the exchange traded fund’s stock after selling 1,835 shares during the quarter. Fiduciary Trust Co’s holdings in Sprott Physical Gold Trust were worth $1,686,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. raised its position in shares of Sprott Physical Gold Trust by 9.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 615 shares during the period. Raymond James & Associates raised its holdings in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after acquiring an additional 677,623 shares during the period. International Assets Investment Management LLC lifted its position in shares of Sprott Physical Gold Trust by 2,471.9% in the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after acquiring an additional 2,748,335 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Sprott Physical Gold Trust in the second quarter worth about $164,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Sprott Physical Gold Trust in the third quarter worth about $204,000.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $20.46 on Friday. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70. The business’s 50 day moving average is $20.65 and its 200 day moving average is $19.41.

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.