Sanctuary Advisors LLC Lowers Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Sanctuary Advisors LLC reduced its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 14.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,455 shares of the exchange traded fund’s stock after selling 56,956 shares during the quarter. Sanctuary Advisors LLC owned about 0.08% of Sprott Physical Gold Trust worth $7,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vontobel Holding Ltd. purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth $204,000. Raymond James & Associates lifted its position in shares of Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after buying an additional 677,623 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in Sprott Physical Gold Trust by 4.8% during the third quarter. Foundations Investment Advisors LLC now owns 20,082 shares of the exchange traded fund’s stock valued at $409,000 after buying an additional 917 shares during the last quarter. Eastern Bank purchased a new position in Sprott Physical Gold Trust during the 3rd quarter valued at approximately $145,000. Finally, Accordant Advisory Group Inc increased its stake in Sprott Physical Gold Trust by 2.9% in the 3rd quarter. Accordant Advisory Group Inc now owns 251,381 shares of the exchange traded fund’s stock worth $5,123,000 after acquiring an additional 7,191 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.3 %

Shares of PHYS opened at $22.69 on Thursday. The business’s 50 day simple moving average is $21.07 and its 200-day simple moving average is $20.49. Sprott Physical Gold Trust has a 1 year low of $15.55 and a 1 year high of $22.71.

About Sprott Physical Gold Trust

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.