Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 49,936 shares of the exchange traded fund’s stock after selling 534 shares during the quarter. Freedom Investment Management Inc.’s holdings in Sprott Physical Gold Trust were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PHYS. Townsquare Capital LLC grew its holdings in Sprott Physical Gold Trust by 69.7% during the third quarter. Townsquare Capital LLC now owns 28,426 shares of the exchange traded fund’s stock worth $579,000 after acquiring an additional 11,671 shares during the period. Bank of Montreal Can grew its stake in shares of Sprott Physical Gold Trust by 1.0% during the 3rd quarter. Bank of Montreal Can now owns 757,202 shares of the exchange traded fund’s stock worth $15,432,000 after purchasing an additional 7,690 shares during the period. Private Trust Co. NA grew its stake in shares of Sprott Physical Gold Trust by 50.0% during the 3rd quarter. Private Trust Co. NA now owns 7,500 shares of the exchange traded fund’s stock worth $153,000 after purchasing an additional 2,500 shares during the period. Pekin Hardy Strauss Inc. increased its holdings in shares of Sprott Physical Gold Trust by 1.8% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 4,051,964 shares of the exchange traded fund’s stock valued at $82,579,000 after purchasing an additional 73,355 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at $1,037,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $20.26 on Friday. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70. The firm’s fifty day moving average is $20.65 and its 200 day moving average is $19.40.

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.