SouthState Corp Decreases Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

SouthState Corp reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,874,040 shares of the exchange traded fund’s stock after selling 58,055 shares during the period. Sprott Physical Gold Trust accounts for approximately 2.5% of SouthState Corp’s holdings, making the stock its 6th largest holding. SouthState Corp owned about 0.47% of Sprott Physical Gold Trust worth $37,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PHYS. AdvisorNet Financial Inc lifted its holdings in Sprott Physical Gold Trust by 7,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 3,500 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Sprott Physical Gold Trust by 74.1% during the third quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock worth $8,056,000 after acquiring an additional 168,288 shares in the last quarter. Natixis Advisors LLC bought a new position in Sprott Physical Gold Trust during the third quarter worth about $219,000. PNC Financial Services Group Inc. lifted its holdings in Sprott Physical Gold Trust by 28.9% during the third quarter. PNC Financial Services Group Inc. now owns 108,339 shares of the exchange traded fund’s stock worth $2,208,000 after acquiring an additional 24,283 shares in the last quarter. Finally, Smartleaf Asset Management LLC bought a new position in Sprott Physical Gold Trust during the fourth quarter worth about $40,000.

Sprott Physical Gold Trust Trading Up 0.3 %

PHYS stock opened at $23.08 on Monday. The business’s 50-day moving average price is $21.89 and its two-hundred day moving average price is $20.92. Sprott Physical Gold Trust has a 1-year low of $16.66 and a 1-year high of $23.11.

About Sprott Physical Gold Trust

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.