Auxano Advisors LLC Reduces Position in Sprott Physical Gold Trust $PHYS

Auxano Advisors LLC trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 976,102 shares of the exchange traded fund’s stock after selling 31,704 shares during the period. Sprott Physical Gold Trust makes up about 6.1% of Auxano Advisors LLC’s portfolio, making the stock its 4th largest holding. Auxano Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $28,912,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Ameriflex Group Inc. raised its stake in shares of Sprott Physical Gold Trust by 66.7% in the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Sprott Physical Gold Trust during the second quarter worth about $25,000. Tradewinds Capital Management LLC grew its holdings in Sprott Physical Gold Trust by 59.8% during the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 407 shares during the period. MTM Investment Management LLC bought a new stake in Sprott Physical Gold Trust in the second quarter worth about $30,000. Finally, Hilltop National Bank bought a new stake in Sprott Physical Gold Trust in the second quarter worth about $32,000.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $37.10 on Wednesday. Sprott Physical Gold Trust has a twelve month low of $21.96 and a twelve month high of $42.07. The company has a 50-day moving average of $34.40 and a 200-day moving average of $30.63.

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.