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

NovaPoint Capital LLC cut its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 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. SeaCrest Wealth Management LLC raised its position in Sprott Physical Gold Trust by 2.0% during the third quarter. SeaCrest Wealth Management LLC now owns 50,679 shares of the exchange traded fund’s stock valued at $1,585,000 after purchasing an additional 988 shares in the last quarter. Seros Financial LLC purchased a new position in shares of Sprott Physical Gold Trust in the 3rd quarter worth about $2,190,000. Diligent Investors LLC boosted its holdings in shares of Sprott Physical Gold Trust by 9.5% in the 3rd quarter. Diligent Investors LLC now owns 11,485 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 1,000 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in shares of Sprott Physical Gold Trust by 112.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 15,937 shares of the exchange traded fund’s stock worth $498,000 after purchasing an additional 8,450 shares in the last quarter. Finally, Quantum Financial Partners LLC increased its position in shares of Sprott Physical Gold Trust by 23.5% during the 3rd quarter. Quantum Financial Partners LLC now owns 81,941 shares of the exchange traded fund’s stock valued at $2,562,000 after purchasing an additional 15,577 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock traded down $0.19 during trading on Friday, hitting $30.20. 2,732,640 shares of the stock traded hands, compared to its average volume of 5,184,427. Sprott Physical Gold Trust has a 52 week low of $29.30 and a 52 week high of $42.07. The firm’s fifty day moving average is $32.54 and its 200-day moving average is $32.86.

Sprott Physical Gold Trust Company 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.