SMI Advisory Services LLC Sells 92,633 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

SMI Advisory Services LLC lessened its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 30.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,469 shares of the exchange traded fund’s stock after selling 92,633 shares during the period. Sprott Physical Gold Trust comprises about 1.0% of SMI Advisory Services LLC’s portfolio, making the stock its 21st largest holding. SMI Advisory Services LLC owned 0.05% of Sprott Physical Gold Trust worth $4,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth about $28,000. Sunbelt Securities Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $51,000. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $51,000. Missouri Trust & Investment Co raised its position in shares of Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,609 shares in the last quarter. Finally, First Horizon Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at approximately $54,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $21.30 on Thursday. The firm has a 50 day moving average of $20.39 and a 200-day moving average of $20.03. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70.

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.