Accordant Advisory Group Inc Cuts Stock Holdings in Sprott Physical Gold Trust $PHYS

Accordant Advisory Group Inc lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 359,717 shares of the exchange traded fund’s stock after selling 14,801 shares during the period. Sprott Physical Gold Trust accounts for about 8.2% of Accordant Advisory Group Inc’s portfolio, making the stock its 4th largest position. Accordant Advisory Group Inc owned 0.08% of Sprott Physical Gold Trust worth $11,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Eastern Bank purchased a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $47,000. Strategic Advocates LLC bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth $51,000. Flagship Harbor Advisors LLC bought a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth $72,000. Franklin Resources Inc. bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter worth $74,000. Finally, Smartleaf Asset Management LLC grew its position in shares of Sprott Physical Gold Trust by 80.1% during the 2nd quarter. Smartleaf Asset Management LLC now owns 3,937 shares of the exchange traded fund’s stock worth $98,000 after buying an additional 1,751 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS opened at $36.14 on Friday. Sprott Physical Gold Trust has a 12-month low of $23.85 and a 12-month high of $42.07. The business’s fifty day simple moving average is $37.12 and its 200-day simple moving average is $34.07.

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.