Sprott Physical Gold Trust $PHYS Stock: WIT Partners Advisory Pte. Ltd. Trims Holdings

WIT Partners Advisory Pte. Ltd. lowered its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 96.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,887 shares of the exchange traded fund’s stock after selling 1,345,283 shares during the period. Sprott Physical Gold Trust makes up 2.0% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its 4th largest position. WIT Partners Advisory Pte. Ltd.’s holdings in Sprott Physical Gold Trust were worth $1,748,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Money Concepts Capital Corp increased its holdings in Sprott Physical Gold Trust by 10.0% during the first quarter. Money Concepts Capital Corp now owns 276,345 shares of the exchange traded fund’s stock worth $9,794,000 after buying an additional 25,056 shares during the last quarter. Citadel Advisors LLC bought a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $592,000. Highland Investment Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $660,000. Compass Financial Management LLC acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $1,161,000. Finally, Tidal Investments LLC raised its stake in Sprott Physical Gold Trust by 70.5% in the 2nd quarter. Tidal Investments LLC now owns 774,770 shares of the exchange traded fund’s stock valued at $23,375,000 after acquiring an additional 320,296 shares during the period.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $31.52 on Friday. The stock has a 50 day simple moving average of $32.80 and a 200 day simple moving average of $33.03. Sprott Physical Gold Trust has a 1-year low of $29.30 and a 1-year high of $42.07.

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