Pure Portfolios Holdings LLC Cuts Stake in Sprott Physical Gold Trust $PHYS

Pure Portfolios Holdings LLC trimmed its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,490 shares of the exchange traded fund’s stock after selling 1,289 shares during the period. Pure Portfolios Holdings LLC’s holdings in Sprott Physical Gold Trust were worth $317,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Sprott Physical Gold Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after buying an additional 1,225,695 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its stake in Sprott Physical Gold Trust by 0.7% during the first quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock worth $101,691,000 after buying an additional 29,770 shares during the period. IMC Chicago LLC boosted its stake in shares of Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after purchasing an additional 3,095,611 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Sprott Physical Gold Trust by 2.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock worth $56,954,000 after purchasing an additional 66,054 shares during the period. Finally, Matauro LLC boosted its stake in shares of Sprott Physical Gold Trust by 7.8% during the 1st quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock worth $51,513,000 after purchasing an additional 154,057 shares during the period.

Sprott Physical Gold Trust Stock Up 0.7%

PHYS stock opened at $30.49 on Wednesday. Sprott Physical Gold Trust has a 12 month low of $19.63 and a 12 month high of $30.54. The company has a 50-day moving average price of $27.26 and a 200 day moving average price of $25.86.

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.