Sprott Physical Gold Trust $PHYS Stake Cut by SouthState Bank Corp

SouthState Bank Corp reduced its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,735,437 shares of the exchange traded fund’s stock after selling 57,203 shares during the quarter. Sprott Physical Gold Trust comprises about 2.9% of SouthState Bank Corp’s holdings, making the stock its 5th biggest holding. SouthState Bank Corp’s holdings in Sprott Physical Gold Trust were worth $61,504,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Heritage Wealth Advisors bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $169,676,000. CENTRAL TRUST Co boosted its position in Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after buying an additional 1,154,326 shares during the period. 3EDGE Asset Management LP bought a new position in Sprott Physical Gold Trust during the 4th quarter worth approximately $31,652,000. Royal Bank of Canada grew its holdings in shares of Sprott Physical Gold Trust by 8.2% in the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after purchasing an additional 724,321 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in Sprott Physical Gold Trust by 65.8% in the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after acquiring an additional 642,224 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $30.58 on Wednesday. Sprott Physical Gold Trust has a 1 year low of $25.00 and a 1 year high of $42.07. The stock’s 50-day moving average is $32.70 and its 200 day moving average is $35.12.

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.