Bailard Inc. trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 35.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,775 shares of the exchange traded fund’s stock after selling 197,860 shares during the period. Bailard Inc. owned approximately 0.17% of Sprott Physical Gold Trust worth $3,820,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Retirement Planning Group acquired a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $106,000. K.J. Harrison & Partners Inc acquired a new stake in Sprott Physical Gold Trust during the 4th quarter worth approximately $110,000. Ledyard National Bank raised its holdings in Sprott Physical Gold Trust by 48.6% during the 4th quarter. Ledyard National Bank now owns 14,685 shares of the exchange traded fund’s stock worth $156,000 after buying an additional 4,800 shares during the period. Creative Planning raised its holdings in Sprott Physical Gold Trust by 52.4% during the 4th quarter. Creative Planning now owns 17,048 shares of the exchange traded fund’s stock worth $181,000 after buying an additional 5,865 shares during the period. Finally, First Republic Investment Management Inc. acquired a new stake in Sprott Physical Gold Trust during the 3rd quarter worth approximately $218,000.
Shares of Sprott Physical Gold Trust (NYSEARCA PHYS) opened at $10.99 on Thursday. The company has a market cap of $2,320.00 and a P/E ratio of -31.40. Sprott Physical Gold Trust has a fifty-two week low of $9.81 and a fifty-two week high of $11.15.
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Sprott Physical Gold Trust Company 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.
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