Focus Financial Network Inc. Sells 514 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Focus Financial Network Inc. lowered its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,182 shares of the exchange traded fund’s stock after selling 514 shares during the period. Focus Financial Network Inc.’s holdings in Sprott Physical Gold Trust were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in shares of Sprott Physical Gold Trust by 7,000.0% during the 4th quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after acquiring an additional 3,500 shares during the last quarter. Concourse Financial Group Securities Inc. increased its holdings in shares of Sprott Physical Gold Trust by 9.8% during 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 during the last quarter. Raymond James & Associates increased its holdings in shares of Sprott Physical Gold Trust by 73.3% during the 3rd quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after acquiring an additional 677,623 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Sprott Physical Gold Trust by 2,471.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Sprott Physical Gold Trust by 74.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock worth $8,056,000 after acquiring an additional 168,288 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $22.68 on Friday. Sprott Physical Gold Trust has a 1-year low of $15.31 and a 1-year high of $22.71. The business’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $20.38.

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.