Sprott Physical Gold Trust $PHYS Shares Sold by Van Den Berg Management I Inc.

Van Den Berg Management I Inc. trimmed its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 834,961 shares of the exchange traded fund’s stock after selling 19,887 shares during the period. Sprott Physical Gold Trust comprises 6.8% of Van Den Berg Management I Inc.’s investment portfolio, making the stock its biggest holding. Van Den Berg Management I Inc.’s holdings in Sprott Physical Gold Trust were worth $29,591,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth approximately $33,000. Financial Management Professionals Inc. purchased a new stake in Sprott Physical Gold Trust in the fourth quarter valued at approximately $36,000. Scarborough Advisors LLC raised its position in 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 purchasing an additional 1,101 shares during the period. Eastern Bank acquired a new position in Sprott Physical Gold Trust during the fourth quarter worth $47,000. Finally, Main Street Group LTD acquired a new position in Sprott Physical Gold Trust during the first quarter worth $54,000.

Sprott Physical Gold Trust Stock Performance

PHYS opened at $30.64 on Friday. Sprott Physical Gold Trust has a 52 week low of $25.00 and a 52 week high of $42.07. The business has a fifty day simple moving average of $31.92 and a 200-day simple moving average of $34.94.

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.