SMI Advisory Services LLC Sells 240,819 Shares of Sprott Physical Gold Trust $PHYS

SMI Advisory Services LLC decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 77.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,925 shares of the exchange traded fund’s stock after selling 240,819 shares during the period. Sprott Physical Gold Trust comprises about 0.4% of SMI Advisory Services LLC’s investment portfolio, making the stock its 22nd biggest position. SMI Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $2,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $33,000. Financial Management Professionals Inc. bought a new stake in Sprott Physical Gold Trust in the 4th quarter worth approximately $36,000. Scarborough Advisors LLC boosted its stake in Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 1,101 shares in the last quarter. Main Street Group LTD purchased a new stake in Sprott Physical Gold Trust in the first quarter worth approximately $54,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Sprott Physical Gold Trust during the fourth quarter valued at approximately $64,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $33.26 on Tuesday. Sprott Physical Gold Trust has a one year low of $25.42 and a one year high of $42.07. The company’s 50 day moving average price is $31.32 and its two-hundred day moving average price is $34.68.

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.