Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Essex Financial Services Inc.

Essex Financial Services Inc. trimmed its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.9% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 415,345 shares of the exchange traded fund’s stock after selling 8,140 shares during the quarter. Essex Financial Services Inc. owned approximately 0.10% of Sprott Physical Gold Trust worth $8,868,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PHYS. Ndwm LLC increased its holdings in shares of Sprott Physical Gold Trust by 34.7% in the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock worth $330,000 after acquiring an additional 4,911 shares during the period. Private Advisor Group LLC increased its stake in shares of Sprott Physical Gold Trust by 88.8% in the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock valued at $13,443,000 after purchasing an additional 365,371 shares during the period. Concourse Financial Group Securities Inc. increased its stake in shares of Sprott Physical Gold Trust by 9.8% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 615 shares during the period. Headlands Technologies LLC bought a new stake in shares of Sprott Physical Gold Trust during the first quarter valued at approximately $281,000. Finally, Raymond James & Associates boosted its position in shares of Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after buying an additional 677,623 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock opened at $21.33 on Friday. Sprott Physical Gold Trust has a 12-month low of $15.09 and a 12-month high of $21.37. The business has a 50 day simple moving average of $20.19 and a 200 day simple moving average of $19.00.

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.