Sprott Physical Gold Trust $PHYS Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 17.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,515 shares of the exchange traded fund’s stock after selling 17,086 shares during the quarter. Moors & Cabot Inc.’s holdings in Sprott Physical Gold Trust were worth $2,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Enclave Advisors LLC acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth about $3,022,000. BCS Wealth Management boosted its position in Sprott Physical Gold Trust by 99.1% during the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after acquiring an additional 27,744 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in Sprott Physical Gold Trust by 4.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after acquiring an additional 28,702 shares during the last quarter. Dakota Wealth Management boosted its position in Sprott Physical Gold Trust by 21.5% during the third quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock worth $4,361,000 after acquiring an additional 26,060 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Sprott Physical Gold Trust by 53.9% during the third quarter. EverSource Wealth Advisors LLC now owns 39,609 shares of the exchange traded fund’s stock worth $1,173,000 after acquiring an additional 13,879 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $34.42 on Friday. Sprott Physical Gold Trust has a twelve month low of $24.86 and a twelve month high of $42.07. The firm’s 50-day moving average price is $35.06 and its 200 day moving average price is $35.24.

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.