Northwestern Mutual Wealth Management Co. Sells 697,478 Shares of Sprott Physical Gold Trust $PHYS

Northwestern Mutual Wealth Management Co. decreased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 70.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 289,463 shares of the exchange traded fund’s stock after selling 697,478 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Sprott Physical Gold Trust were worth $9,558,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $33,000. Financial Management Professionals Inc. bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $36,000. Eastern Bank bought a new stake in shares of Sprott Physical Gold Trust during the 4th quarter valued at about $47,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $51,000. Finally, Legacy Wealth Managment LLC ID boosted its stake in shares of Sprott Physical Gold Trust by 49.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after purchasing an additional 714 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 0.1%

Shares of PHYS opened at $34.37 on Friday. The firm’s 50-day moving average price is $35.54 and its 200-day moving average price is $35.11. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.