Stonehage Fleming Financial Services Holdings Ltd Sells 1,500 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Stonehage Fleming Financial Services Holdings Ltd decreased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,482 shares of the exchange traded fund’s stock after selling 1,500 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Sprott Physical Gold Trust were worth $251,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in 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 worth $58,277,000 after acquiring an additional 2,748,335 shares in the last quarter. Raymond James & Associates increased its position in shares of Sprott Physical Gold Trust by 73.3% during the 3rd quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock valued at $32,655,000 after purchasing an additional 677,623 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Sprott Physical Gold Trust in the 2nd quarter worth approximately $9,884,000. Captrust Financial Advisors boosted its stake in Sprott Physical Gold Trust by 13.9% in the third quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after buying an additional 277,117 shares in the last quarter. Finally, Kera Capital Partners Inc. bought a new position in Sprott Physical Gold Trust during the fourth quarter valued at approximately $4,512,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $21.42 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $21.70. The firm has a 50 day moving average price of $20.46 and a 200-day moving average price of $20.08.

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.