Sprott Physical Gold Trust $PHYS Position Lessened by Basepoint Wealth LLC

Basepoint Wealth LLC lessened its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 21.3% in the first quarter, Holdings Channel.com reports. The fund owned 788,317 shares of the exchange traded fund’s stock after selling 213,486 shares during the period. Sprott Physical Gold Trust comprises approximately 16.0% of Basepoint Wealth LLC’s portfolio, making the stock its largest holding. Basepoint Wealth LLC’s holdings in Sprott Physical Gold Trust were worth $27,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Heritage Wealth Advisors bought a new stake in Sprott Physical Gold Trust in the fourth quarter valued at $169,676,000. IMC Chicago LLC raised its holdings in Sprott Physical Gold Trust by 494.3% in the 1st quarter. IMC Chicago LLC now owns 2,449,218 shares of the exchange traded fund’s stock worth $86,800,000 after purchasing an additional 2,037,133 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of Sprott Physical Gold Trust by 26.3% in the 1st quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after purchasing an additional 1,154,326 shares during the period. 3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Gold Trust in the 4th quarter worth about $31,652,000. Finally, WIT Partners Advisory Pte. Ltd. lifted its position in shares of Sprott Physical Gold Trust by 340.5% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 941,220 shares of the exchange traded fund’s stock worth $33,357,000 after purchasing an additional 727,533 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $30.31 on Monday. Sprott Physical Gold Trust has a 1-year low of $25.00 and a 1-year high of $42.07. The firm’s 50-day moving average price is $32.38 and its 200-day moving average price is $35.04.

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.