Pine Valley Investments Ltd Liability Co Sells 4,506 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pine Valley Investments Ltd Liability Co reduced its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 96,974 shares of the exchange traded fund’s stock after selling 4,506 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Gold Trust were worth $1,976,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Concourse Financial Group Securities Inc. grew its stake in shares of Sprott Physical Gold Trust by 9.8% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock worth $140,000 after acquiring an additional 615 shares in the last quarter. Raymond James & Associates boosted its position in Sprott Physical Gold Trust by 73.3% in the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after purchasing an additional 677,623 shares during the last quarter. International Assets Investment Management LLC grew its position in Sprott Physical Gold Trust by 2,471.9% during the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock valued at $58,277,000 after buying an additional 2,748,335 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Sprott Physical Gold Trust in the second quarter worth about $164,000. Finally, Vontobel Holding Ltd. purchased a new position in Sprott Physical Gold Trust in the third quarter valued at about $204,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $20.67 on Friday. The company has a 50 day moving average of $20.64 and a 200-day moving average of $19.55. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70.

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.