FLP Wealth Management LLC Sells 29,106 Shares of Sprott Physical Gold Trust $PHYS

FLP Wealth Management LLC trimmed its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 48.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,368 shares of the exchange traded fund’s stock after selling 29,106 shares during the quarter. Sprott Physical Gold Trust makes up 1.8% of FLP Wealth Management LLC’s holdings, making the stock its 16th largest holding. FLP Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $1,076,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Heritage Wealth Advisors purchased a new position in Sprott Physical Gold Trust in the fourth quarter worth about $169,676,000. CENTRAL TRUST Co grew its position in Sprott Physical Gold Trust by 26.3% during the first quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock valued at $196,432,000 after buying an additional 1,154,326 shares during the period. 3EDGE Asset Management LP purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at approximately $31,652,000. Royal Bank of Canada raised its position in Sprott Physical Gold Trust by 8.2% in the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock worth $314,220,000 after acquiring an additional 724,321 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of Sprott Physical Gold Trust by 65.8% during the 2nd quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after acquiring an additional 642,224 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $31.08 on Monday. The stock has a 50-day simple moving average of $33.29 and a two-hundred day simple moving average of $35.25. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.