AlphaCore Capital LLC Reduces Stock Position in Sprott Physical Gold Trust $PHYS

AlphaCore Capital LLC decreased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 49.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,837 shares of the exchange traded fund’s stock after selling 60,000 shares during the quarter. AlphaCore Capital LLC’s holdings in Sprott Physical Gold Trust were worth $1,802,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. K.J. Harrison & Partners Inc increased its stake in Sprott Physical Gold Trust by 4.5% in the 3rd quarter. K.J. Harrison & Partners Inc now owns 286,496 shares of the exchange traded fund’s stock valued at $8,484,000 after purchasing an additional 12,298 shares in the last quarter. Hurley Capital LLC grew its holdings in Sprott Physical Gold Trust by 15.4% in the third quarter. Hurley Capital LLC now owns 47,203 shares of the exchange traded fund’s stock valued at $1,398,000 after purchasing an additional 6,305 shares during the last quarter. Vawter Financial Ltd. acquired a new stake in Sprott Physical Gold Trust in the third quarter valued at $444,000. Cozad Asset Management Inc. increased its position in shares of Sprott Physical Gold Trust by 13.1% in the third quarter. Cozad Asset Management Inc. now owns 37,347 shares of the exchange traded fund’s stock valued at $1,106,000 after buying an additional 4,324 shares in the last quarter. Finally, Dakota Wealth Management raised its stake in shares of Sprott Physical Gold Trust by 21.5% during the 3rd quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock worth $4,361,000 after buying an additional 26,060 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 0.9%

Sprott Physical Gold Trust stock opened at $39.67 on Friday. Sprott Physical Gold Trust has a 52 week low of $21.96 and a 52 week high of $42.07. The firm’s 50-day simple moving average is $36.32 and its 200 day simple moving average is $32.02.

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.