Sprott Physical Gold Trust $PHYS is SouthState Bank Corp’s 6th Largest Position

SouthState Bank Corp lowered its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,836,334 shares of the exchange traded fund’s stock after selling 35,156 shares during the period. Sprott Physical Gold Trust accounts for approximately 2.5% of SouthState Bank Corp’s portfolio, making the stock its 6th largest position. SouthState Bank Corp owned 0.39% of Sprott Physical Gold Trust worth $54,392,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Manchester Capital Management LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter worth about $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Sprott Physical Gold Trust by 59.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 407 shares during the last quarter. MTM Investment Management LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $36,000. Finally, Intelligent Financial Strategies purchased a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $38,000.

Sprott Physical Gold Trust Stock Up 0.1%

Shares of PHYS opened at $37.14 on Thursday. Sprott Physical Gold Trust has a 52-week low of $21.96 and a 52-week high of $42.07. The stock has a 50 day moving average price of $34.51 and a 200 day moving average price of $30.68.

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