Sandy Cove Advisors LLC Decreases Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Sandy Cove Advisors LLC trimmed its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,201 shares of the exchange traded fund’s stock after selling 6,700 shares during the quarter. Sandy Cove Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $850,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC bought a new stake in Sprott Physical Gold Trust in the 3rd quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new stake in shares of Sprott Physical Gold Trust in the second quarter worth $51,000. St. Johns Investment Management Company LLC purchased a new stake in Sprott Physical Gold Trust during the third quarter valued at $51,000. Missouri Trust & Investment Co lifted its holdings in Sprott Physical Gold Trust by 160.9% in the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after acquiring an additional 1,609 shares during the period. Finally, First Horizon Advisors Inc. purchased a new position in Sprott Physical Gold Trust in the third quarter worth about $54,000.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $20.87 on Friday. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70. The business has a 50-day simple moving average of $20.32 and a two-hundred day simple moving average of $19.97.

Sprott Physical Gold Trust Company 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.