Pine Valley Investments Ltd Liability Co Reduces Stock Holdings in Sprott Physical Gold Trust $PHYS

Pine Valley Investments Ltd Liability Co reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,852 shares of the exchange traded fund’s stock after selling 19,670 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Gold Trust were worth $3,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. DV Trading LLC boosted its holdings in shares of Sprott Physical Gold Trust by 13.3% in the first quarter. DV Trading LLC now owns 6,800 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 800 shares during the last quarter. Parallel Advisors LLC increased its holdings in Sprott Physical Gold Trust by 18.1% during the first quarter. Parallel Advisors LLC now owns 8,053 shares of the exchange traded fund’s stock valued at $285,000 after buying an additional 1,235 shares during the last quarter. Keel Point LLC increased its holdings in Sprott Physical Gold Trust by 3.8% during the first quarter. Keel Point LLC now owns 43,313 shares of the exchange traded fund’s stock valued at $1,535,000 after buying an additional 1,588 shares during the last quarter. Cozad Asset Management Inc. raised its position in Sprott Physical Gold Trust by 5.4% in the first quarter. Cozad Asset Management Inc. now owns 41,878 shares of the exchange traded fund’s stock worth $1,484,000 after acquiring an additional 2,145 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Sprott Physical Gold Trust in the first quarter worth approximately $184,000.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $30.59 on Monday. The company’s fifty day simple moving average is $31.56 and its 200-day simple moving average is $34.82. Sprott Physical Gold Trust has a 1-year low of $25.15 and a 1-year high of $42.07.

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