Pine Valley Investments Ltd Liability Co Lowers Stock Position in Sprott Physical Gold Trust $PHYS

Pine Valley Investments Ltd Liability Co cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,852 shares of the exchange traded fund’s stock after selling 19,670 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Gold Trust were worth $3,929,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Sprott Physical Gold Trust during the fourth quarter valued at approximately $33,000. Financial Management Professionals Inc. bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at $36,000. Scarborough Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 2,202.0% during the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 1,101 shares during the period. Main Street Group LTD purchased a new position in shares of Sprott Physical Gold Trust during the 1st quarter valued at $54,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter valued at $64,000.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $30.59 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $25.15 and a fifty-two week high of $42.07. The company has a fifty day moving average of $31.56 and a 200 day moving average of $34.82.

Sprott Physical Gold Trust Company 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.