Verity Asset Management Inc. Cuts Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Verity Asset Management Inc. trimmed its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,131 shares of the exchange traded fund’s stock after selling 32,473 shares during the quarter. Verity Asset Management Inc.’s holdings in Sprott Physical Gold Trust were worth $828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PHYS. Legacy Investment Solutions LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $28,000. St. Johns Investment Management Company LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter worth $51,000. Missouri Trust & Investment Co increased its position in shares of Sprott Physical Gold Trust by 160.9% during the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after acquiring an additional 1,609 shares during the period. First Horizon Advisors Inc. purchased a new position in Sprott Physical Gold Trust in the third quarter valued at $54,000. Finally, AdvisorNet Financial Inc increased its holdings in Sprott Physical Gold Trust by 7,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 3,500 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $21.80 on Tuesday. Sprott Physical Gold Trust has a 52 week low of $15.31 and a 52 week high of $21.87. The company’s 50 day moving average is $20.59 and its two-hundred day moving average is $20.19.

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.