Synergy Asset Management LLC Cuts Stock Holdings in Sprott Physical Gold Trust $PHYS

Synergy Asset Management LLC lowered its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,481 shares of the exchange traded fund’s stock after selling 31,024 shares during the period. Synergy Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in PHYS. AQR Capital Management LLC purchased a new stake in Sprott Physical Gold Trust during the 1st quarter valued at $260,000. Focus Partners Wealth bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter worth $200,000. MAI Capital Management raised its stake in shares of Sprott Physical Gold Trust by 16.0% in the second quarter. MAI Capital Management now owns 15,409 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 2,130 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in shares of Sprott Physical Gold Trust by 2,435.1% in the second quarter. Laurel Wealth Advisors LLC now owns 11,180 shares of the exchange traded fund’s stock worth $283,000 after purchasing an additional 10,739 shares during the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Sprott Physical Gold Trust during the second quarter valued at $25,000.

Sprott Physical Gold Trust Stock Down 3.7%

Sprott Physical Gold Trust stock opened at $33.01 on Friday. Sprott Physical Gold Trust has a one year low of $22.72 and a one year high of $42.07. The business’s fifty day moving average is $37.62 and its 200 day moving average is $33.57.

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.