IPG Investment Advisors LLC Lowers Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

IPG Investment Advisors LLC lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,774 shares of the exchange traded fund’s stock after selling 1,978 shares during the quarter. IPG Investment Advisors LLC’s holdings in Sprott Physical Gold Trust were worth $1,002,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pekin Hardy Strauss Inc. increased its position in shares of Sprott Physical Gold Trust by 3.6% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock valued at $84,523,000 after buying an additional 144,824 shares in the last quarter. Captrust Financial Advisors grew its stake in Sprott Physical Gold Trust by 13.9% in the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock valued at $46,415,000 after acquiring an additional 277,117 shares during the period. Raymond James Financial Inc. purchased a new stake in Sprott Physical Gold Trust in the 4th quarter worth $44,631,000. Sprott Inc. raised its position in shares of Sprott Physical Gold Trust by 14.9% during the 4th quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock worth $42,043,000 after purchasing an additional 270,064 shares during the last quarter. Finally, IMC Chicago LLC raised its holdings in shares of Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after acquiring an additional 1,986,646 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.9 %

Shares of PHYS opened at $23.82 on Friday. The firm’s fifty day moving average is $22.46 and its two-hundred day moving average is $21.18. Sprott Physical Gold Trust has a 52-week low of $17.36 and a 52-week high of $23.89.

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.