ORG Partners LLC Has $4.85 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

ORG Partners LLC cut its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,916 shares of the exchange traded fund’s stock after selling 7,405 shares during the period. ORG Partners LLC owned approximately 0.06% of Sprott Physical Gold Trust worth $4,852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC grew 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 purchasing an additional 2,748,335 shares in the last quarter. Raymond James & Associates grew its stake in Sprott Physical Gold Trust by 73.3% during the third quarter. Raymond James & Associates now owns 1,602,282 shares of the exchange traded fund’s stock worth $32,655,000 after buying an additional 677,623 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at about $9,884,000. Envestnet Asset Management Inc. raised its position in shares of Sprott Physical Gold Trust by 28.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock valued at $29,177,000 after buying an additional 361,514 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Sprott Physical Gold Trust by 13.9% during the 3rd quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after acquiring an additional 277,117 shares during the period.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS traded up $0.27 during trading hours on Friday, hitting $20.74. 1,731,838 shares of the stock were exchanged, compared to its average volume of 2,155,243. The company’s fifty day simple moving average is $20.35 and its two-hundred day simple moving average is $19.84. Sprott Physical Gold Trust has a 1-year low of $15.31 and a 1-year high of $21.70.

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.