SouthState Bank Corp Has $61.50 Million Stock Position in Sprott Physical Gold Trust $PHYS

SouthState Bank Corp decreased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,735,437 shares of the exchange traded fund’s stock after selling 57,203 shares during the period. Sprott Physical Gold Trust makes up 2.9% of SouthState Bank Corp’s holdings, making the stock its 5th biggest position. SouthState Bank Corp owned 0.36% of Sprott Physical Gold Trust worth $61,504,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in PHYS. Sanctuary Advisors LLC grew its holdings in shares of Sprott Physical Gold Trust by 9.4% during the 1st quarter. Sanctuary Advisors LLC now owns 467,109 shares of the exchange traded fund’s stock worth $16,554,000 after purchasing an additional 40,130 shares in the last quarter. 180 Wealth Advisors LLC increased its position in Sprott Physical Gold Trust by 73.4% in the 1st quarter. 180 Wealth Advisors LLC now owns 28,361 shares of the exchange traded fund’s stock valued at $1,005,000 after acquiring an additional 12,006 shares during the period. Summit Financial Strategies Inc. raised its position in shares of Sprott Physical Gold Trust by 5.3% during the first quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after acquiring an additional 330 shares during the last quarter. Darwin Wealth Management LLC raised its stake in Sprott Physical Gold Trust by 3.5% during the first quarter. Darwin Wealth Management LLC now owns 15,359 shares of the exchange traded fund’s stock worth $544,000 after buying an additional 524 shares during the last quarter. Finally, Simplicity Wealth LLC increased its holdings in Sprott Physical Gold Trust by 9.1% in the first quarter. Simplicity Wealth LLC now owns 19,525 shares of the exchange traded fund’s stock worth $692,000 after purchasing an additional 1,626 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS opened at $30.58 on Wednesday. Sprott Physical Gold Trust has a one year low of $25.00 and a one year high of $42.07. The stock has a 50-day moving average of $32.70 and a 200-day moving average of $35.12.

About Sprott Physical Gold Trust

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.