Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Hedges Asset Management LLC

Hedges Asset Management LLC lowered its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.9% in the fourth quarter, HoldingsChannel reports. The firm owned 86,500 shares of the exchange traded fund’s stock after selling 8,500 shares during the quarter. Sprott Physical Gold Trust makes up approximately 1.1% of Hedges Asset Management LLC’s holdings, making the stock its 29th biggest holding. Hedges Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,742,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter worth $28,000. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust during the 3rd quarter worth $51,000. Missouri Trust & Investment Co increased its holdings in Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period. First Horizon Advisors Inc. acquired a new stake in Sprott Physical Gold Trust in the 3rd quarter valued at about $54,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at about $51,000.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $21.29 on Friday. The business has a 50-day simple moving average of $20.42 and a 200-day simple moving average of $20.04. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70.

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.