Royal Bank of Canada Sells 451,010 Shares of Sprott Physical Gold Trust $PHYS

Royal Bank of Canada lessened its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,065,043 shares of the exchange traded fund’s stock after selling 451,010 shares during the quarter. Royal Bank of Canada’s holdings in Sprott Physical Gold Trust were worth $321,266,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PHYS. Kohmann Bosshard Financial Services LLC acquired a new position in Sprott Physical Gold Trust in the 4th quarter valued at about $33,000. Financial Management Professionals Inc. acquired a new stake in Sprott Physical Gold Trust during the fourth quarter worth approximately $36,000. Scarborough Advisors LLC lifted its position in Sprott Physical Gold Trust by 2,202.0% during the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,101 shares during the last quarter. Eastern Bank bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth approximately $47,000. Finally, Main Street Group LTD bought a new stake in shares of Sprott Physical Gold Trust during the first quarter worth approximately $54,000.

Sprott Physical Gold Trust Stock Up 0.5%

Sprott Physical Gold Trust stock opened at $30.57 on Thursday. Sprott Physical Gold Trust has a 12 month low of $25.00 and a 12 month high of $42.07. The stock’s 50 day moving average is $31.70 and its 200-day moving average is $34.88.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.