SMI Advisory Services LLC Sells 240,819 Shares of Sprott Physical Gold Trust $PHYS

SMI Advisory Services LLC decreased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 77.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 71,925 shares of the exchange traded fund’s stock after selling 240,819 shares during the period. Sprott Physical Gold Trust accounts for 0.4% of SMI Advisory Services LLC’s investment portfolio, making the stock its 22nd largest position. SMI Advisory Services LLC’s holdings in Sprott Physical Gold Trust were worth $2,259,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new position in Sprott Physical Gold Trust during the 1st quarter valued at about $260,000. Focus Partners Wealth purchased a new stake in shares of Sprott Physical Gold Trust in the first quarter worth about $200,000. Cerity Partners LLC lifted its holdings in shares of Sprott Physical Gold Trust by 14.0% in the second quarter. Cerity Partners LLC now owns 77,964 shares of the exchange traded fund’s stock worth $1,976,000 after buying an additional 9,585 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Sprott Physical Gold Trust by 43.6% in the second quarter. NewEdge Advisors LLC now owns 91,329 shares of the exchange traded fund’s stock valued at $2,315,000 after acquiring an additional 27,724 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $489,000.

Sprott Physical Gold Trust Stock Up 1.2%

Shares of NYSEARCA:PHYS opened at $33.26 on Tuesday. The company has a 50 day moving average of $31.32 and a 200 day moving average of $34.68. Sprott Physical Gold Trust has a 12 month low of $25.42 and a 12 month high of $42.07.

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