Hedges Asset Management LLC Reduces Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Hedges Asset Management LLC trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,500 shares of the exchange traded fund’s stock after selling 8,500 shares during the quarter. Sprott Physical Gold Trust comprises approximately 1.1% of Hedges Asset Management LLC’s portfolio, making the stock its 29th largest holding. Hedges Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,742,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can raised its position in Sprott Physical Gold Trust by 9.6% in the second quarter. Bank of Montreal Can now owns 749,512 shares of the exchange traded fund’s stock valued at $13,746,000 after purchasing an additional 65,546 shares during the period. Insigneo Advisory Services LLC purchased a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at about $644,000. Beaird Harris Wealth Management LLC lifted its position in Sprott Physical Gold Trust by 41.5% in the second quarter. Beaird Harris Wealth Management LLC now owns 54,487 shares of the exchange traded fund’s stock valued at $984,000 after buying an additional 15,981 shares during the last quarter. Rockport Wealth LLC boosted its stake in Sprott Physical Gold Trust by 6.6% during the second quarter. Rockport Wealth LLC now owns 40,530 shares of the exchange traded fund’s stock worth $732,000 after buying an additional 2,500 shares during the period. Finally, Straight Path Wealth Management increased its position in shares of Sprott Physical Gold Trust by 5.4% during the second quarter. Straight Path Wealth Management now owns 34,450 shares of the exchange traded fund’s stock valued at $622,000 after acquiring an additional 1,750 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $21.29 on Friday. The firm’s 50 day moving average price is $20.42 and its 200-day moving average price is $20.04. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70.

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.