Sprott Physical Gold Trust $PHYS Position Lowered by Evanson Asset Management LLC

Evanson Asset Management LLC trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,080,010 shares of the exchange traded fund’s stock after selling 458,182 shares during the quarter. Sprott Physical Gold Trust comprises approximately 7.4% of Evanson Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Evanson Asset Management LLC owned about 0.85% of Sprott Physical Gold Trust worth $134,722,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PHYS. World Investment Advisors lifted its position in Sprott Physical Gold Trust by 36.4% during the third quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock valued at $5,689,000 after purchasing an additional 51,243 shares during the period. D.A. Davidson & CO. bought a new stake in Sprott Physical Gold Trust in the 3rd quarter worth approximately $883,000. Concurrent Investment Advisors LLC raised its stake in Sprott Physical Gold Trust by 129.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock valued at $1,494,000 after buying an additional 28,428 shares during the last quarter. CWM LLC raised its stake in Sprott Physical Gold Trust by 64.0% during the 3rd quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock valued at $2,076,000 after buying an additional 27,355 shares during the last quarter. Finally, Beacon Pointe Advisors LLC lifted its holdings in shares of Sprott Physical Gold Trust by 7.8% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 597,781 shares of the exchange traded fund’s stock valued at $15,154,000 after buying an additional 43,296 shares during the period.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $33.24 on Wednesday. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07. The stock’s fifty day moving average price is $37.69 and its 200-day moving average price is $33.57.

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.