Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by EP Wealth Advisors LLC

EP Wealth Advisors LLC lowered its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,505 shares of the exchange traded fund’s stock after selling 8,300 shares during the period. EP Wealth Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. JPMorgan Chase & Co. raised its position in Sprott Physical Gold Trust by 236.2% during the first quarter. JPMorgan Chase & Co. now owns 13,877 shares of the exchange traded fund’s stock worth $213,000 after acquiring an additional 9,750 shares during the last quarter. Cibc World Market Inc. grew its holdings in shares of Sprott Physical Gold Trust by 22.1% during the first quarter. Cibc World Market Inc. now owns 298,570 shares of the exchange traded fund’s stock worth $4,589,000 after buying an additional 54,138 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of Sprott Physical Gold Trust by 57.0% during the first quarter. Baird Financial Group Inc. now owns 225,211 shares of the exchange traded fund’s stock worth $3,461,000 after buying an additional 81,739 shares in the last quarter. Mather Group LLC. purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth about $569,000. Finally, Equitable Holdings Inc. purchased a new stake in shares of Sprott Physical Gold Trust during the first quarter worth about $816,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $14.87 on Friday. Sprott Physical Gold Trust has a 12 month low of $12.48 and a 12 month high of $15.78. The company has a 50-day simple moving average of $14.50 and a 200-day simple moving average of $13.73.

Sprott Physical Gold Trust Profile

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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.