Pecaut & CO. Lowers Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pecaut & CO. reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,400 shares of the exchange traded fund’s stock after selling 1,400 shares during the period. Pecaut & CO.’s holdings in Sprott Physical Gold Trust were worth $206,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its position in shares of Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after purchasing an additional 3,298 shares in the last quarter. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust during the first quarter worth about $104,000. Clarity Financial LLC purchased a new position in Sprott Physical Gold Trust in the first quarter valued at about $353,000. Howard Financial Services LTD. acquired a new stake in shares of Sprott Physical Gold Trust during the 1st quarter valued at approximately $175,000. Finally, Sandy Cove Advisors LLC boosted its stake in shares of Sprott Physical Gold Trust by 27.9% during the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock worth $529,000 after acquiring an additional 6,667 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 0.1 %

NYSEARCA PHYS opened at $19.60 on Thursday. The business has a 50 day moving average price of $19.02 and a 200 day moving average price of $18.18. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $19.67.

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.