Wakefield Asset Management LLLP Trims Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Wakefield Asset Management LLLP reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,399 shares of the exchange traded fund’s stock after selling 656 shares during the quarter. Wakefield Asset Management LLLP’s holdings in Sprott Physical Gold Trust were worth $1,639,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Matauro LLC purchased a new stake in Sprott Physical Gold Trust in the fourth quarter valued at $40,017,000. IMC Chicago LLC increased its position in shares of Sprott Physical Gold Trust by 5,078.7% during the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after purchasing an additional 1,986,646 shares during the last quarter. Proficio Capital Partners LLC lifted its position in Sprott Physical Gold Trust by 1,536.2% in the fourth quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock valued at $15,027,000 after buying an additional 700,524 shares during the last quarter. 3EDGE Asset Management LP purchased a new position in Sprott Physical Gold Trust during the fourth quarter worth about $9,566,000. Finally, Captrust Financial Advisors boosted its stake in Sprott Physical Gold Trust by 13.9% during the third quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after buying an additional 277,117 shares during the period.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $22.31 on Friday. The company’s 50 day simple moving average is $21.35 and its 200-day simple moving average is $20.64. Sprott Physical Gold Trust has a 1 year low of $15.64 and a 1 year high of $22.91.

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.