Sprott Physical Gold Trust $PHYS Shares Sold by Phraction Management LLC

Phraction Management LLC reduced its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 168,463 shares of the exchange traded fund’s stock after selling 27,000 shares during the period. Sprott Physical Gold Trust comprises 1.4% of Phraction Management LLC’s holdings, making the stock its 25th largest position. Phraction Management LLC’s holdings in Sprott Physical Gold Trust were worth $4,271,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its position in shares of Sprott Physical Gold Trust by 0.7% in the first quarter. Sigma Planning Corp now owns 63,985 shares of the exchange traded fund’s stock valued at $1,539,000 after acquiring an additional 425 shares in the last quarter. Synergy Asset Management LLC increased its holdings in shares of Sprott Physical Gold Trust by 3.0% during the 2nd quarter. Synergy Asset Management LLC now owns 15,512 shares of the exchange traded fund’s stock worth $393,000 after buying an additional 447 shares during the last quarter. IFG Advisory LLC increased its stake in Sprott Physical Gold Trust by 4.1% during the first quarter. IFG Advisory LLC now owns 11,608 shares of the exchange traded fund’s stock worth $279,000 after acquiring an additional 459 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Sprott Physical Gold Trust by 4.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 13,259 shares of the exchange traded fund’s stock valued at $319,000 after buying an additional 535 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sprott Physical Gold Trust by 4.0% in the 1st quarter. Bank of New York Mellon Corp now owns 18,731 shares of the exchange traded fund’s stock worth $451,000 after acquiring an additional 729 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $29.62 on Friday. The stock’s fifty day moving average is $26.98 and its two-hundred day moving average is $25.71. Sprott Physical Gold Trust has a 52 week low of $19.63 and a 52 week high of $29.92.

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.