Bruce G. Allen Investments LLC Has $3.51 Million Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bruce G. Allen Investments LLC lowered its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.6% during the fourth quarter, Holdings Channel reports. The firm owned 174,300 shares of the exchange traded fund’s stock after selling 16,382 shares during the period. Sprott Physical Gold Trust makes up approximately 2.8% of Bruce G. Allen Investments LLC’s investment portfolio, making the stock its 7th biggest position. Bruce G. Allen Investments LLC’s holdings in Sprott Physical Gold Trust were worth $3,510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHYS. Ashton Thomas Private Wealth LLC acquired a new position in Sprott Physical Gold Trust during the second quarter valued at approximately $164,000. Perritt Capital Management Inc increased its stake in shares of Sprott Physical Gold Trust by 1.1% in the 2nd quarter. Perritt Capital Management Inc now owns 352,572 shares of the exchange traded fund’s stock valued at $6,367,000 after purchasing an additional 3,815 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Sprott Physical Gold Trust by 24.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 12,595 shares of the exchange traded fund’s stock worth $227,000 after buying an additional 2,445 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Sprott Physical Gold Trust by 28.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after buying an additional 361,514 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in Sprott Physical Gold Trust by 7.4% in the second quarter. J.W. Cole Advisors Inc. now owns 42,012 shares of the exchange traded fund’s stock valued at $759,000 after acquiring an additional 2,900 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS traded up $0.27 during midday trading on Friday, reaching $20.74. 4,374,461 shares of the company were exchanged, compared to its average volume of 2,592,751. The stock’s 50-day moving average price is $20.35 and its 200-day moving average price is $19.84. Sprott Physical Gold Trust has a one year low of $15.31 and a one year 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.