SeaCrest Wealth Management LLC Reduces Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

SeaCrest Wealth Management LLC cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,916 shares of the exchange traded fund’s stock after selling 5,711 shares during the period. SeaCrest Wealth Management LLC’s holdings in Sprott Physical Gold Trust were worth $884,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Sprott Physical Gold Trust by 2,471.9% in the third 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 during 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. Sanctuary Advisors LLC purchased a new position in Sprott Physical Gold Trust in the second quarter worth about $9,884,000. Envestnet Asset Management Inc. boosted its position in Sprott Physical Gold Trust by 28.8% in the second quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after purchasing an additional 361,514 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Sprott Physical Gold Trust by 13.9% in the third quarter. Captrust Financial Advisors now owns 2,277,485 shares of the exchange traded fund’s stock worth $46,415,000 after purchasing an additional 277,117 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA:PHYS opened at $20.80 on Thursday. The stock’s 50-day simple moving average is $20.31 and its two-hundred day simple moving average is $19.92. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week 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.