Bay Colony Advisory Group Inc d b a Bay Colony Advisors Cuts Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors trimmed its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 49.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,810 shares of the exchange traded fund’s stock after selling 14,643 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Sprott Physical Gold Trust were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PHYS. Raymond James Financial Inc. bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter valued at about $44,631,000. Matauro LLC bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter valued at about $40,017,000. IMC Chicago LLC raised its stake in shares of Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after acquiring an additional 1,986,646 shares during the last quarter. Proficio Capital Partners LLC raised its stake in shares of Sprott Physical Gold Trust by 1,536.2% during the fourth quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock valued at $15,027,000 after acquiring an additional 700,524 shares during the last quarter. Finally, 3EDGE Asset Management LP bought a new position in Sprott Physical Gold Trust in the fourth quarter worth about $9,566,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $22.70 on Friday. Sprott Physical Gold Trust has a 1 year low of $16.66 and a 1 year high of $22.91. The firm has a 50-day moving average of $21.63 and a 200 day moving average of $20.79.

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.