SMI Advisory Services LLC Cuts Stock Holdings in Sprott Physical Gold Trust $PHYS

SMI Advisory Services LLC lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 323,644 shares of the exchange traded fund’s stock after selling 15,699 shares during the period. Sprott Physical Gold Trust comprises 2.0% of SMI Advisory Services LLC’s holdings, making the stock its 13th biggest position. SMI Advisory Services LLC owned 0.07% of Sprott Physical Gold Trust worth $11,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Stratos Wealth Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 2.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,866 shares of the exchange traded fund’s stock worth $559,000 after acquiring an additional 392 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 28,021 shares of the exchange traded fund’s stock worth $830,000 after purchasing an additional 400 shares during the last quarter. Latitude Advisors LLC boosted its position in Sprott Physical Gold Trust by 1.3% during the third quarter. Latitude Advisors LLC now owns 30,240 shares of the exchange traded fund’s stock valued at $896,000 after purchasing an additional 400 shares in the last quarter. J2 Capital Management Inc grew its stake in Sprott Physical Gold Trust by 1.5% in the third quarter. J2 Capital Management Inc now owns 29,009 shares of the exchange traded fund’s stock valued at $859,000 after purchasing an additional 438 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC raised its holdings in Sprott Physical Gold Trust by 1.7% in the third quarter. Ashton Thomas Private Wealth LLC now owns 27,543 shares of the exchange traded fund’s stock worth $816,000 after purchasing an additional 452 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $33.01 on Friday. The firm has a 50-day simple moving average of $37.62 and a two-hundred day simple moving average of $33.57. Sprott Physical Gold Trust has a one year low of $22.72 and a one year high of $42.07.

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