Sowell Financial Services LLC Sells 69,970 Shares of Sprott Physical Gold Trust $PHYS

Sowell Financial Services LLC decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 25.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 210,302 shares of the exchange traded fund’s stock after selling 69,970 shares during the quarter. Sowell Financial Services LLC’s holdings in Sprott Physical Gold Trust were worth $6,944,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. J2 Capital Management Inc lifted its holdings in Sprott Physical Gold Trust by 3.3% during the 4th quarter. J2 Capital Management Inc now owns 29,969 shares of the exchange traded fund’s stock worth $990,000 after purchasing an additional 960 shares during the last quarter. Moseley Investment Management Inc. acquired a new position in Sprott Physical Gold Trust in the 4th quarter valued at $261,000. Sovran Advisors LLC acquired a new position in Sprott Physical Gold Trust in the 4th quarter valued at $337,000. Stratos Wealth Partners LTD. increased its position in Sprott Physical Gold Trust by 3.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 164,737 shares of the exchange traded fund’s stock worth $5,440,000 after buying an additional 5,545 shares during the period. Finally, Stratos Wealth Advisors LLC increased its position in Sprott Physical Gold Trust by 12.6% during the 4th quarter. Stratos Wealth Advisors LLC now owns 21,234 shares of the exchange traded fund’s stock worth $701,000 after buying an additional 2,368 shares during the period.

Sprott Physical Gold Trust Price Performance

PHYS opened at $35.39 on Monday. The stock has a fifty day moving average of $37.46 and a 200-day moving average of $33.95. Sprott Physical Gold Trust has a fifty-two week low of $22.72 and a fifty-two week high of $42.07.

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.