StoneX Group Inc. lessened its position in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 3.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,150 shares of the exchange traded fund’s stock after selling 1,650 shares during the period. StoneX Group Inc.’s holdings in Sprott Physical Gold Trust were worth $869,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in PHYS. Legacy Investment Solutions LLC bought a new position in Sprott Physical Gold Trust in the 3rd quarter valued at approximately $28,000. Jones Financial Companies Lllp bought a new position in shares of Sprott Physical Gold Trust during the fourth quarter valued at $39,000. Smartleaf Asset Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the fourth quarter worth $40,000. Smithfield Trust Co bought a new stake in shares of Sprott Physical Gold Trust in the fourth quarter worth $50,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Sprott Physical Gold Trust in the fourth quarter valued at $50,000.
Sprott Physical Gold Trust Stock Up 0.2 %
Shares of NYSEARCA:PHYS opened at $24.19 on Thursday. Sprott Physical Gold Trust has a 12-month low of $17.64 and a 12-month high of $24.47. The business has a fifty day simple moving average of $22.64 and a 200 day simple moving average of $21.27.
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.
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Want to see what other hedge funds are holding PHYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report).
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