Ameriprise Financial Inc. Sells 1,740 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Ameriprise Financial Inc. lowered its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,371 shares of the exchange traded fund’s stock after selling 1,740 shares during the period. Ameriprise Financial Inc.’s holdings in Sprott Physical Gold Trust were worth $712,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its position in shares of Sprott Physical Gold Trust by 1.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 519 shares in the last quarter. Nwam LLC increased its position in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after purchasing an additional 557 shares during the last quarter. Quadrant Private Wealth Management LLC raised its stake in Sprott Physical Gold Trust by 0.6% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 94,738 shares of the exchange traded fund’s stock valued at $1,908,000 after purchasing an additional 600 shares in the last quarter. Harbour Investments Inc. raised its stake in Sprott Physical Gold Trust by 1.9% during the fourth quarter. Harbour Investments Inc. now owns 34,857 shares of the exchange traded fund’s stock valued at $702,000 after purchasing an additional 650 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in Sprott Physical Gold Trust by 4.6% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 16,700 shares of the exchange traded fund’s stock valued at $336,000 after purchasing an additional 741 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $25.76 on Tuesday. Sprott Physical Gold Trust has a 1-year low of $17.80 and a 1-year high of $26.36. The business’s 50 day moving average is $24.81 and its two-hundred day moving average is $22.61.

Sprott Physical Gold Trust 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.