WIT Partners Advisory Pte. Ltd. cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 96.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,887 shares of the exchange traded fund’s stock after selling 1,345,283 shares during the quarter. Sprott Physical Gold Trust comprises approximately 2.0% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its 4th biggest position. WIT Partners Advisory Pte. Ltd.’s holdings in Sprott Physical Gold Trust were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of PHYS. Halbert Hargrove Global Advisors LLC purchased a new position in Sprott Physical Gold Trust in the third quarter worth about $75,000. KOM Wealth Management Group LLC raised its holdings in Sprott Physical Gold Trust by 36.2% in the 3rd quarter. KOM Wealth Management Group LLC now owns 203,176 shares of the exchange traded fund’s stock worth $6,353,000 after acquiring an additional 53,968 shares during the last quarter. TrustWell Financial Advisors LLC lifted its position in Sprott Physical Gold Trust by 1.6% in the 3rd quarter. TrustWell Financial Advisors LLC now owns 330,436 shares of the exchange traded fund’s stock valued at $10,333,000 after acquiring an additional 5,222 shares in the last quarter. Columbia Advisory Partners LLC boosted its stake in Sprott Physical Gold Trust by 19.8% during the 3rd quarter. Columbia Advisory Partners LLC now owns 43,414 shares of the exchange traded fund’s stock valued at $1,358,000 after purchasing an additional 7,185 shares during the last quarter. Finally, Walser Wealth Management Company A Ltd Liability Co increased its holdings in shares of Sprott Physical Gold Trust by 7.4% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 290,079 shares of the exchange traded fund’s stock worth $9,071,000 after purchasing an additional 19,956 shares in the last quarter.
Sprott Physical Gold Trust Price Performance
Sprott Physical Gold Trust stock opened at $31.52 on Friday. Sprott Physical Gold Trust has a 12 month low of $29.30 and a 12 month high of $42.07. The stock has a fifty day simple moving average of $32.80 and a two-hundred day simple moving average of $33.03.
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.
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