Cambridge Investment Research Advisors Inc. trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,820 shares of the exchange traded fund’s stock after selling 21,990 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $2,917,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Sprott Physical Gold Trust during the first quarter worth $26,000. WASHINGTON TRUST Co purchased a new stake in Sprott Physical Gold Trust in the 1st quarter worth $29,000. Independence Bank of Kentucky bought a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $49,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sprott Physical Gold Trust by 89.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,031 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Carroll Financial Associates Inc. increased its holdings in shares of Sprott Physical Gold Trust by 20.3% in the second quarter. Carroll Financial Associates Inc. now owns 4,450 shares of the exchange traded fund’s stock worth $63,000 after purchasing an additional 750 shares during the last quarter.
NYSEARCA PHYS opened at $15.73 on Friday. Sprott Physical Gold Trust has a 1-year low of $11.18 and a 1-year high of $15.79. The business has a 50 day simple moving average of $14.42 and a two-hundred day simple moving average of $13.50.
About Sprott Physical Gold Trust
Sprott Physical Gold Trust is a closed end investment trust, which engages in the investments and holding substantially all of its assets in physical gold bullion. Its objective is to provides a secure, convenient, and exchange-traded investment alternative for investors. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.
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