Soros Capital Management LLC Reduces Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Soros Capital Management LLC decreased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 17.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,022 shares of the exchange traded fund’s stock after selling 6,545 shares during the period. Soros Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $653,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Concourse Financial Group Securities Inc. boosted its position in shares of Sprott Physical Gold Trust by 9.8% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after acquiring an additional 615 shares during the last quarter. Raymond James & Associates raised its stake in 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 purchasing an additional 677,623 shares during the period. International Assets Investment Management LLC boosted its holdings in Sprott Physical Gold Trust by 2,471.9% in the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after purchasing an additional 2,748,335 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $164,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth approximately $204,000.

Sprott Physical Gold Trust Stock Up 0.1 %

PHYS stock opened at $20.21 on Wednesday. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70. The firm’s 50 day moving average price is $20.64 and its 200-day moving average price is $19.38.

Sprott Physical Gold Trust Company 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.