Basepoint Wealth LLC Sells 38,305 Shares of Sprott Physical Gold Trust $PHYS

Basepoint Wealth LLC lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,060,237 shares of the exchange traded fund’s stock after selling 38,305 shares during the quarter. Sprott Physical Gold Trust comprises about 22.2% of Basepoint Wealth LLC’s holdings, making the stock its largest holding. Basepoint Wealth LLC owned approximately 0.23% of Sprott Physical Gold Trust worth $31,404,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in PHYS. Barometer Capital Management Inc. grew its holdings in Sprott Physical Gold Trust by 32.6% during the 3rd quarter. Barometer Capital Management Inc. now owns 36,200 shares of the exchange traded fund’s stock valued at $1,072,000 after purchasing an additional 8,900 shares in the last quarter. Wakefield Asset Management LLLP lifted its holdings in Sprott Physical Gold Trust by 0.9% in the 3rd quarter. Wakefield Asset Management LLLP now owns 76,747 shares of the exchange traded fund’s stock worth $2,273,000 after buying an additional 718 shares in the last quarter. Franklin Resources Inc. acquired a new position in Sprott Physical Gold Trust in the 3rd quarter worth $74,000. Oberndorf William E boosted its position in Sprott Physical Gold Trust by 37.9% in the 3rd quarter. Oberndorf William E now owns 222,164 shares of the exchange traded fund’s stock valued at $6,580,000 after buying an additional 61,090 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in Sprott Physical Gold Trust by 0.7% in the 3rd quarter. Bank of Montreal Can now owns 887,465 shares of the exchange traded fund’s stock valued at $26,287,000 after buying an additional 6,221 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 0.3%

Shares of NYSEARCA PHYS opened at $39.44 on Thursday. Sprott Physical Gold Trust has a 1 year low of $22.56 and a 1 year high of $42.07. The stock’s 50-day simple moving average is $37.33 and its 200-day simple moving average is $32.93.

About Sprott Physical Gold Trust

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.