Bailard Inc. Has $2.91 Million Stock Holdings in Sprott Physical Gold Trust $PHYS

Bailard Inc. decreased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 66.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,168 shares of the exchange traded fund’s stock after selling 196,570 shares during the period. Bailard Inc.’s holdings in Sprott Physical Gold Trust were worth $2,908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriflex Group Inc. raised its stake in shares of Sprott Physical Gold Trust by 66.7% during the 2nd quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Sprott Physical Gold Trust in the second quarter worth approximately $25,000. Tradewinds Capital Management LLC raised its position in Sprott Physical Gold Trust by 59.8% during the second quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 407 shares in the last quarter. MTM Investment Management LLC bought a new position in Sprott Physical Gold Trust during the second quarter valued at approximately $30,000. Finally, Hilltop National Bank acquired a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $32,000.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $36.92 on Thursday. The firm has a 50 day moving average of $33.14 and a two-hundred day moving average of $29.80. Sprott Physical Gold Trust has a 12 month low of $21.07 and a 12 month high of $37.19.

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.