Bailard Inc. Cuts Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Bailard Inc. trimmed its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,738 shares of the exchange traded fund’s stock after selling 4,429 shares during the quarter. Bailard Inc. owned approximately 0.07% of Sprott Physical Gold Trust worth $5,936,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Pettinga Financial Advisors LLC grew its holdings in Sprott Physical Gold Trust by 8.2% in the third quarter. Pettinga Financial Advisors LLC now owns 35,647 shares of the exchange traded fund’s stock worth $726,000 after purchasing an additional 2,700 shares during the last quarter. US Bancorp DE grew its holdings in Sprott Physical Gold Trust by 1,717.9% in the third quarter. US Bancorp DE now owns 81,535 shares of the exchange traded fund’s stock worth $1,662,000 after purchasing an additional 77,050 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Sprott Physical Gold Trust by 9.9% in the third quarter. Farther Finance Advisors LLC now owns 32,035 shares of the exchange traded fund’s stock worth $653,000 after purchasing an additional 2,883 shares during the last quarter. Arlington Trust Co LLC purchased a new position in Sprott Physical Gold Trust in the third quarter worth $106,000. Finally, Princeton Global Asset Management LLC grew its holdings in Sprott Physical Gold Trust by 11.2% in the third quarter. Princeton Global Asset Management LLC now owns 12,900 shares of the exchange traded fund’s stock worth $263,000 after purchasing an additional 1,300 shares during the last quarter.

Sprott Physical Gold Trust Stock Down 0.9 %

NYSEARCA PHYS opened at $22.10 on Friday. The firm’s fifty day simple moving average is $21.39 and its two-hundred day simple moving average is $20.67. Sprott Physical Gold Trust has a 12-month low of $15.72 and a 12-month high of $22.91.

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.