Bellwether Investment Group LLC decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 94.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,038 shares of the exchange traded fund’s stock after selling 18,288 shares during the quarter. Bellwether Investment Group LLC’s holdings in Sprott Physical Gold Trust were worth $242,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in PHYS. K.J. Harrison & Partners Inc bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $110,000. Creative Planning raised its position in shares of Sprott Physical Gold Trust by 52.4% during the fourth quarter. Creative Planning now owns 17,048 shares of the exchange traded fund’s stock worth $181,000 after acquiring an additional 5,865 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in shares of Sprott Physical Gold Trust during the third quarter worth $218,000. Brightworth bought a new stake in shares of Sprott Physical Gold Trust during the third quarter worth $265,000. Finally, Ameriprise Financial Inc. increased its holdings in Sprott Physical Gold Trust by 11.9% in the second quarter. Ameriprise Financial Inc. now owns 27,065 shares of the exchange traded fund’s stock valued at $274,000 after purchasing an additional 2,886 shares during the last quarter.
Sprott Physical Gold Trust (PHYS) traded up $0.04 during midday trading on Wednesday, reaching $10.92. The company had a trading volume of 241,836 shares, compared to its average volume of 705,823. The company has a market capitalization of $2,310.00 and a P/E ratio of -31.09. Sprott Physical Gold Trust has a fifty-two week low of $9.81 and a fifty-two week high of $11.15.
ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/sprott-physical-gold-trust-phys-shares-sold-by-bellwether-investment-group-llc.html.
Sprott Physical Gold Trust Profile
Sprott Physical Gold Trust (the Trust) is a closed-end trust. The Trust invests in unencumbered and fully allocated London Good Delivery (LGD) gold bars. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. The Trust invests in long-term holdings of unencumbered, fully allocated physical gold bullion and does not speculate with regard to short-term changes in gold prices.
Receive News & Ratings for Sprott Physical Gold Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Physical Gold Trust and related companies with MarketBeat.com's FREE daily email newsletter.