Synergy Asset Management LLC Reduces Stock Position in Sprott Physical Gold Trust $PHYS

Synergy Asset Management LLC cut its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 66.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,481 shares of the exchange traded fund’s stock after selling 31,024 shares during the period. Synergy Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PHYS. AQR Capital Management LLC bought a new position in Sprott Physical Gold Trust during the first quarter valued at approximately $260,000. Focus Partners Wealth bought a new stake in Sprott Physical Gold Trust in the 1st quarter worth approximately $200,000. MAI Capital Management grew its position in Sprott Physical Gold Trust by 16.0% in the 2nd quarter. MAI Capital Management now owns 15,409 shares of the exchange traded fund’s stock worth $391,000 after purchasing an additional 2,130 shares during the period. Laurel Wealth Advisors LLC raised its stake in Sprott Physical Gold Trust by 2,435.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 11,180 shares of the exchange traded fund’s stock valued at $283,000 after buying an additional 10,739 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at $25,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $33.01 on Friday. Sprott Physical Gold Trust has a 1 year low of $22.72 and a 1 year high of $42.07. The stock’s fifty day moving average price is $37.62 and its 200-day moving average price is $33.57.

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.