Park Avenue Securities LLC Sells 48,136 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Park Avenue Securities LLC lessened its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 79.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,565 shares of the exchange traded fund’s stock after selling 48,136 shares during the period. Park Avenue Securities LLC’s holdings in Sprott Physical Gold Trust were worth $302,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Veracity Capital LLC boosted its holdings in shares of Sprott Physical Gold Trust by 2.2% during the first quarter. Veracity Capital LLC now owns 19,380 shares of the exchange traded fund’s stock worth $466,000 after acquiring an additional 419 shares during the period. J.W. Cole Advisors Inc. boosted its holdings 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 worth $849,000 after acquiring an additional 519 shares during the period. Nwam LLC boosted its holdings in shares of Sprott Physical Gold Trust by 0.9% during the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after acquiring an additional 557 shares during the period. BIP Wealth LLC boosted its holdings in shares of Sprott Physical Gold Trust by 0.6% during the fourth quarter. BIP Wealth LLC now owns 104,482 shares of the exchange traded fund’s stock worth $2,104,000 after acquiring an additional 612 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of Sprott Physical Gold Trust by 1.9% in the fourth quarter. Harbour Investments Inc. now owns 34,857 shares of the exchange traded fund’s stock valued at $702,000 after buying an additional 650 shares during the period.

Sprott Physical Gold Trust Trading Up 1.5%

Shares of PHYS stock opened at $26.29 on Monday. The stock has a 50 day simple moving average of $25.16 and a 200 day simple moving average of $22.94. Sprott Physical Gold Trust has a 1 year low of $17.84 and a 1 year high of $26.42.

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.