Sprott Physical Gold Trust $PHYS Stake Lowered by Meixler Investment Management Ltd.

Meixler Investment Management Ltd. lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 610,666 shares of the exchange traded fund’s stock after selling 21,311 shares during the quarter. Sprott Physical Gold Trust accounts for 11.1% of Meixler Investment Management Ltd.’s investment portfolio, making the stock its largest position. Meixler Investment Management Ltd. owned approximately 0.13% of Sprott Physical Gold Trust worth $18,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC purchased a new position in Sprott Physical Gold Trust in the second quarter valued at about $25,000. Tradewinds Capital Management LLC grew its holdings in shares of Sprott Physical Gold Trust by 59.8% in the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 407 shares during the period. MTM Investment Management LLC purchased a new position in Sprott Physical Gold Trust in the 2nd quarter valued at approximately $30,000. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust during the second quarter worth $36,000. Finally, Intelligent Financial Strategies acquired a new position in Sprott Physical Gold Trust during the second quarter worth $38,000.

Sprott Physical Gold Trust Trading Up 3.4%

PHYS opened at $37.31 on Monday. Sprott Physical Gold Trust has a one year low of $21.96 and a one year high of $42.07. The business’s fifty day moving average is $34.69 and its two-hundred day moving average is $30.86.

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.