Sprott Physical Gold Trust $PHYS Shares Sold by IMC Chicago LLC

IMC Chicago LLC decreased its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 96.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,003 shares of the exchange traded fund’s stock after selling 3,094,240 shares during the quarter. IMC Chicago LLC’s holdings in Sprott Physical Gold Trust were worth $3,258,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of PHYS. Manchester Capital Management LLC purchased a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at about $25,000. Tradewinds Capital Management LLC boosted its holdings in shares of Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 407 shares during the last quarter. MTM Investment Management LLC purchased a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $36,000. Finally, Parkside Financial Bank & Trust lifted its position in Sprott Physical Gold Trust by 36.4% during the second quarter. Parkside Financial Bank & Trust now owns 1,500 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 400 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA PHYS opened at $36.07 on Friday. The stock’s fifty day moving average is $34.59 and its two-hundred day moving average is $30.72. Sprott Physical Gold Trust has a fifty-two week low of $21.96 and a fifty-two week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.