Sprott Physical Gold Trust $PHYS Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 17.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 81,515 shares of the exchange traded fund’s stock after selling 17,086 shares during the quarter. Moors & Cabot Inc.’s holdings in Sprott Physical Gold Trust were worth $2,692,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $33,000. Financial Management Professionals Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $36,000. Eastern Bank acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $47,000. Strategic Advocates LLC acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $51,000. Finally, Legacy Wealth Managment LLC ID grew its position in shares of Sprott Physical Gold Trust by 49.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 714 shares during the period.

Sprott Physical Gold Trust Trading Up 1.2%

Shares of NYSEARCA PHYS opened at $34.42 on Friday. The company’s 50-day simple moving average is $35.06 and its 200-day simple moving average is $35.24. Sprott Physical Gold Trust has a 52-week low of $24.86 and a 52-week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.