44,725 Sprott Physical Gold Trust $PHYS Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC cut its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,038 shares of the exchange traded fund’s stock after selling 44,725 shares during the period. NovaPoint Capital LLC’s holdings in Sprott Physical Gold Trust were worth $1,752,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new position in shares of Sprott Physical Gold Trust during the third quarter valued at about $28,000. Mather Group LLC. bought a new stake in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $28,000. Scarborough Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 2,202.0% in the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 1,101 shares during the last quarter. Main Street Group LTD purchased a new stake in Sprott Physical Gold Trust during the 1st quarter valued at about $54,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Sprott Physical Gold Trust during the 3rd quarter valued at about $75,000.

Sprott Physical Gold Trust Price Performance

PHYS traded down $0.19 on Friday, hitting $30.20. 2,732,640 shares of the company were exchanged, compared to its average volume of 5,184,427. The firm has a fifty day simple moving average of $32.54 and a two-hundred day simple moving average of $32.86. Sprott Physical Gold Trust has a 12 month low of $29.30 and a 12 month 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.