New Harbor Financial Group LLC Sells 10,946 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

New Harbor Financial Group LLC reduced its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 27.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,282 shares of the exchange traded fund’s stock after selling 10,946 shares during the period. Sprott Physical Gold Trust comprises 0.2% of New Harbor Financial Group LLC’s portfolio, making the stock its 21st biggest position. New Harbor Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $489,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHYS. Private Advisor Group LLC raised its position in Sprott Physical Gold Trust by 88.8% during the 1st quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock valued at $13,443,000 after purchasing an additional 365,371 shares in the last quarter. Sandy Cove Advisors LLC raised its position in Sprott Physical Gold Trust by 27.9% during the 1st quarter. Sandy Cove Advisors LLC now owns 30,567 shares of the exchange traded fund’s stock valued at $529,000 after purchasing an additional 6,667 shares in the last quarter. Ndwm LLC raised its position in Sprott Physical Gold Trust by 34.7% during the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after purchasing an additional 4,911 shares in the last quarter. Brookstone Capital Management raised its position in Sprott Physical Gold Trust by 2.7% during the 1st quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock valued at $2,191,000 after purchasing an additional 3,298 shares in the last quarter. Finally, Clarity Financial LLC bought a new stake in Sprott Physical Gold Trust during the 1st quarter valued at $353,000.

Sprott Physical Gold Trust Trading Up 1.4 %

NYSEARCA PHYS traded up $0.25 on Friday, reaching $18.55. 2,114,344 shares of the stock traded hands, compared to its average volume of 1,980,368. The company has a fifty day moving average price of $18.16 and a 200-day moving average price of $17.06. Sprott Physical Gold Trust has a 12 month low of $14.00 and a 12 month high of $18.93.

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.