SMI Advisory Services LLC Has $9.16 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

SMI Advisory Services LLC decreased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.8% in the first quarter, Holdings Channel.com reports. The firm owned 502,316 shares of the exchange traded fund’s stock after selling 408,266 shares during the period. Sprott Physical Gold Trust comprises 2.6% of SMI Advisory Services LLC’s holdings, making the stock its 12th largest holding. SMI Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $9,162,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. St. Johns Investment Management Company LLC bought a new stake in Sprott Physical Gold Trust in the 1st quarter valued at $104,000. Clarity Financial LLC acquired a new position in shares of Sprott Physical Gold Trust in the 1st quarter worth approximately $353,000. Finally, Brookstone Capital Management boosted its stake in Sprott Physical Gold Trust by 2.7% in the first quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after purchasing an additional 3,298 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $18.04 on Thursday. The firm has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $16.94. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $18.93.

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.