Insigneo Advisory Services LLC Sells 19,450 Shares of Sprott Physical Gold Trust $PHYS

Insigneo Advisory Services LLC decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 18.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,601 shares of the exchange traded fund’s stock after selling 19,450 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter worth approximately $260,000. Focus Partners Wealth purchased a new stake in Sprott Physical Gold Trust during the first quarter valued at about $200,000. Keybank National Association OH purchased a new stake in Sprott Physical Gold Trust during the second quarter valued at about $282,000. Assetmark Inc. grew its stake in shares of Sprott Physical Gold Trust by 79.6% during the second quarter. Assetmark Inc. now owns 2,285 shares of the exchange traded fund’s stock valued at $58,000 after buying an additional 1,013 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Sprott Physical Gold Trust by 8.5% in the 2nd quarter. Bank of Montreal Can now owns 881,244 shares of the exchange traded fund’s stock valued at $22,340,000 after acquiring an additional 68,986 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $38.82 on Wednesday. The business has a 50-day moving average of $36.68 and a 200 day moving average of $32.41. Sprott Physical Gold Trust has a 1-year low of $22.45 and a 1-year high of $42.07.

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.