B. Riley Wealth Advisors Inc. Sells 1,500 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

B. Riley Wealth Advisors Inc. cut its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,710 shares of the exchange traded fund’s stock after selling 1,500 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $282,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Concourse Financial Group Securities Inc. raised its position in Sprott Physical Gold Trust by 69.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 2,570 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Sprott Physical Gold Trust by 12.0% during the second quarter. Raymond James Trust N.A. now owns 23,955 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 2,566 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Sprott Physical Gold Trust by 29.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock valued at $41,021,000 after acquiring an additional 518,649 shares during the period. Harbour Investments Inc. boosted its holdings in Sprott Physical Gold Trust by 6.8% in the second quarter. Harbour Investments Inc. now owns 33,257 shares of the exchange traded fund’s stock valued at $601,000 after acquiring an additional 2,118 shares during the last quarter. Finally, Meixler Investment Management Ltd. increased its position in Sprott Physical Gold Trust by 0.3% in the second quarter. Meixler Investment Management Ltd. now owns 835,336 shares of the exchange traded fund’s stock worth $15,086,000 after purchasing an additional 2,645 shares during the period.

Sprott Physical Gold Trust Stock Performance

Sprott Physical Gold Trust stock opened at $20.21 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70. The company’s 50-day moving average is $20.61 and its two-hundred day moving average is $19.63.

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.