Sprott Physical Gold Trust $PHYS Shares Sold by SouthState Bank Corp

SouthState Bank Corp decreased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,792,640 shares of the exchange traded fund’s stock after selling 43,694 shares during the quarter. Sprott Physical Gold Trust comprises 2.6% of SouthState Bank Corp’s holdings, making the stock its 5th largest holding. SouthState Bank Corp owned approximately 0.38% of Sprott Physical Gold Trust worth $59,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. AQR Capital Management LLC acquired a new stake in Sprott Physical Gold Trust during the first quarter worth $260,000. Focus Partners Wealth acquired a new stake in Sprott Physical Gold Trust during the first quarter worth $200,000. Cerity Partners LLC increased its stake in Sprott Physical Gold Trust by 14.0% during the second quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after acquiring an additional 9,585 shares during the last quarter. NewEdge Advisors LLC increased its stake in Sprott Physical Gold Trust by 43.6% during the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock worth $2,315,000 after acquiring an additional 27,724 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in Sprott Physical Gold Trust during the second quarter worth $489,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $32.54 on Friday. The business has a fifty day moving average of $35.02 and a two-hundred day moving average of $35.31. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week 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.