Intrua Financial LLC trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 77.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,792 shares of the exchange traded fund’s stock after selling 60,617 shares during the quarter. Intrua Financial LLC’s holdings in Sprott Physical Gold Trust were worth $631,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at approximately $33,000. Financial Management Professionals Inc. purchased a new position in Sprott Physical Gold Trust during the fourth quarter worth approximately $36,000. Eastern Bank acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth $47,000. Strategic Advocates LLC acquired a new position in Sprott Physical Gold Trust during the third quarter worth $51,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth $64,000.
Sprott Physical Gold Trust Stock Performance
Shares of NYSEARCA:PHYS opened at $30.17 on Wednesday. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07. The business has a fifty day moving average of $33.60 and a two-hundred day moving average of $35.30.
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.
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