Meixler Investment Management Ltd. Trims Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Meixler Investment Management Ltd. lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 0.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 822,153 shares of the exchange traded fund’s stock after selling 1,874 shares during the quarter. Sprott Physical Gold Trust comprises approximately 12.2% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its largest position. Meixler Investment Management Ltd.’s holdings in Sprott Physical Gold Trust were worth $16,558,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Straight Path Wealth Management boosted its holdings in Sprott Physical Gold Trust by 1.5% during the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock worth $712,000 after buying an additional 500 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its holdings in shares of Sprott Physical Gold Trust by 4.3% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock valued at $243,000 after purchasing an additional 500 shares in the last quarter. Islay Capital Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 1.4% during the 3rd quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock valued at $839,000 after purchasing an additional 550 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 0.6% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 94,738 shares of the exchange traded fund’s stock valued at $1,908,000 after purchasing an additional 600 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of Sprott Physical Gold Trust by 12.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,700 shares of the exchange traded fund’s stock valued at $115,000 after purchasing an additional 610 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 1.5 %

NYSEARCA:PHYS opened at $22.33 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $15.40 and a fifty-two week high of $22.71. The business’s 50-day simple moving average is $20.96 and its 200-day simple moving average is $20.42.

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.