Sprott Physical Gold Trust $PHYS Shares Sold by SouthState Bank Corp

SouthState Bank Corp cut its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,792,640 shares of the exchange traded fund’s stock after selling 43,694 shares during the quarter. Sprott Physical Gold Trust accounts for 2.6% of SouthState Bank Corp’s holdings, making the stock its 5th largest holding. SouthState Bank Corp’s holdings in Sprott Physical Gold Trust were worth $59,193,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at $33,000. Financial Management Professionals Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at $36,000. Eastern Bank acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at $47,000. Strategic Advocates LLC acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter valued at $51,000. Finally, Legacy Wealth Managment LLC ID grew its stake in shares of Sprott Physical Gold Trust by 49.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock valued at $71,000 after buying an additional 714 shares in the last quarter.

Sprott Physical Gold Trust Stock Down 3.8%

Shares of NYSEARCA PHYS opened at $32.54 on Friday. Sprott Physical Gold Trust has a twelve month low of $24.86 and a twelve month high of $42.07. The stock has a fifty day simple moving average of $35.02 and a 200-day simple moving average of $35.31.

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.