ORG Partners LLC Sells 7,405 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

ORG Partners LLC trimmed its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 240,916 shares of the exchange traded fund’s stock after selling 7,405 shares during the period. ORG Partners LLC’s holdings in Sprott Physical Gold Trust were worth $4,852,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Concourse Financial Group Securities Inc. increased its position in shares of Sprott Physical Gold Trust by 9.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after buying an additional 615 shares during the period. Raymond James & Associates boosted its position 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 valued at $32,655,000 after acquiring an additional 677,623 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Sprott Physical Gold Trust in the 2nd quarter worth about $164,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $204,000.

Sprott Physical Gold Trust Trading Up 1.3 %

NYSEARCA PHYS traded up $0.27 during trading hours on Friday, hitting $20.74. 1,731,838 shares of the company’s stock were exchanged, compared to its average volume of 2,155,243. Sprott Physical Gold Trust has a 1-year low of $15.31 and a 1-year high of $21.70. The stock has a 50-day simple moving average of $20.35 and a 200 day simple moving average of $19.84.

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.