Mendota Financial Group LLC Lowers Stock Position in Sprott Physical Gold Trust $PHYS

Mendota Financial Group LLC trimmed its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,000 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Sprott Physical Gold Trust comprises 0.2% of Mendota Financial Group LLC’s investment portfolio, making the stock its 23rd biggest holding. Mendota Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $254,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Sprott Physical Gold Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock valued at $190,507,000 after purchasing an additional 1,225,695 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its position in shares of Sprott Physical Gold Trust by 0.7% during the first quarter. Pekin Hardy Strauss Inc. now owns 4,226,558 shares of the exchange traded fund’s stock worth $101,691,000 after buying an additional 29,770 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of Sprott Physical Gold Trust by 2.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,367,177 shares of the exchange traded fund’s stock worth $56,954,000 after buying an additional 66,054 shares during the period. Matauro LLC grew its stake in shares of Sprott Physical Gold Trust by 7.8% in the first quarter. Matauro LLC now owns 2,141,018 shares of the exchange traded fund’s stock valued at $51,513,000 after buying an additional 154,057 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Gold Trust by 10.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,953,178 shares of the exchange traded fund’s stock valued at $47,062,000 after buying an additional 192,612 shares during the period.

Sprott Physical Gold Trust Price Performance

PHYS opened at $29.62 on Friday. The stock’s 50-day moving average price is $26.98 and its 200 day moving average price is $25.71. Sprott Physical Gold Trust has a 12-month low of $19.63 and a 12-month high of $29.92.

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.