Sprott Physical Gold Trust $PHYS Stock: Vise Technologies Inc. Lowers Holdings

Vise Technologies Inc. reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 77.2% in the 3rd quarter, Holdings Channel reports. The firm owned 22,682 shares of the exchange traded fund’s stock after selling 76,626 shares during the quarter. Vise Technologies Inc.’s holdings in Sprott Physical Gold Trust were worth $709,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Balance Wealth Partners LLC acquired a new position in shares of Sprott Physical Gold Trust during the third quarter worth about $27,000. Mather Group LLC. purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter worth about $28,000. Toth Financial Advisory Corp purchased a new stake in shares of Sprott Physical Gold Trust in the third quarter worth about $28,000. Center for Financial Planning Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at about $36,000. Finally, Scarborough Advisors LLC grew its stake in shares of Sprott Physical Gold Trust by 2,202.0% in the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 1,101 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 2.6%

PHYS stock opened at $30.47 on Wednesday. Sprott Physical Gold Trust has a 1 year low of $29.27 and a 1 year high of $42.07. The stock has a 50-day simple moving average of $31.60 and a 200-day simple moving average of $33.86.

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.