Sprott Physical Gold Trust $PHYS is Evanson Asset Management LLC’s 3rd Largest Position

Evanson Asset Management LLC lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 10.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,080,010 shares of the exchange traded fund’s stock after selling 458,182 shares during the period. Sprott Physical Gold Trust makes up about 7.4% of Evanson Asset Management LLC’s investment portfolio, making the stock its 3rd largest position. Evanson Asset Management LLC’s holdings in Sprott Physical Gold Trust were worth $134,722,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Howard Financial Services LTD. purchased a new stake in Sprott Physical Gold Trust during the fourth quarter valued at approximately $210,000. ARS Wealth Advisors Group LLC purchased a new position in shares of Sprott Physical Gold Trust during the 4th quarter worth $316,000. Focus Financial Network Inc. grew its position in shares of Sprott Physical Gold Trust by 8.3% during the 4th quarter. Focus Financial Network Inc. now owns 15,932 shares of the exchange traded fund’s stock valued at $526,000 after acquiring an additional 1,222 shares during the period. 180 Wealth Advisors LLC bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at $540,000. Finally, Sound View Wealth Advisors Group LLC increased its stake in shares of Sprott Physical Gold Trust by 30.5% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 25,975 shares of the exchange traded fund’s stock worth $858,000 after purchasing an additional 6,075 shares in the last quarter.

Sprott Physical Gold Trust Stock Performance

NYSEARCA:PHYS opened at $33.24 on Wednesday. Sprott Physical Gold Trust has a one year low of $22.72 and a one year high of $42.07. The business has a fifty day moving average price of $37.69 and a 200-day moving average price of $33.57.

Sprott Physical Gold Trust Company 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.