ORG Partners LLC Has $4.32 Million Position in Sprott Physical Gold Trust $PHYS

ORG Partners LLC lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 27.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 130,776 shares of the exchange traded fund’s stock after selling 48,479 shares during the quarter. Sprott Physical Gold Trust makes up approximately 0.8% of ORG Partners LLC’s holdings, making the stock its 26th biggest holding. ORG Partners LLC’s holdings in Sprott Physical Gold Trust were worth $4,318,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PHYS. World Investment Advisors raised its holdings in Sprott Physical Gold Trust by 36.4% during the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock worth $5,689,000 after buying 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 valued at $883,000. Concurrent Investment Advisors LLC boosted its stake in Sprott Physical Gold Trust by 129.2% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after purchasing an additional 28,428 shares during the period. CWM LLC boosted its stake in Sprott Physical Gold Trust by 64.0% in the 3rd quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after purchasing an additional 27,355 shares during the period. Finally, Enclave Advisors LLC bought a new position in Sprott Physical Gold Trust during the 4th quarter worth about $3,022,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $34.11 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $22.72 and a fifty-two week high of $42.07. The business has a 50-day moving average of $37.61 and a 200-day moving average of $33.70.

Sprott Physical Gold Trust Company 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.