Sprott Physical Gold Trust $PHYS Holdings Reduced by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 280,272 shares of the exchange traded fund’s stock after selling 27,816 shares during the quarter. Sowell Financial Services LLC’s holdings in Sprott Physical Gold Trust were worth $8,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Royal Bank of Canada grew its holdings in Sprott Physical Gold Trust by 18.3% in the 1st quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after buying an additional 1,225,695 shares in the last quarter. Pekin Hardy Strauss Inc. boosted its position in Sprott Physical Gold Trust by 2.0% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 4,310,858 shares of the exchange traded fund’s stock worth $109,280,000 after acquiring an additional 84,300 shares during the period. IMC Chicago LLC boosted its position in Sprott Physical Gold Trust by 2,849.6% during the 2nd quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after acquiring an additional 3,095,611 shares during the period. Captrust Financial Advisors grew its stake in shares of Sprott Physical Gold Trust by 0.9% in the second quarter. Captrust Financial Advisors now owns 2,453,340 shares of the exchange traded fund’s stock worth $62,192,000 after purchasing an additional 22,778 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Sprott Physical Gold Trust by 15.2% in the second quarter. Jupiter Asset Management Ltd. now owns 2,249,508 shares of the exchange traded fund’s stock worth $56,811,000 after purchasing an additional 296,330 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $34.73 on Friday. Sprott Physical Gold Trust has a fifty-two week low of $19.96 and a fifty-two week high of $34.83. The firm’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $28.70.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.