Cetera Advisor Networks LLC Trims Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Cetera Advisor Networks LLC trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% during the first quarter, Holdings Channel.com reports. The firm owned 957,807 shares of the exchange traded fund’s stock after selling 29,334 shares during the period. Cetera Advisor Networks LLC’s holdings in Sprott Physical Gold Trust were worth $16,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Evermay Wealth Management LLC lifted its position in Sprott Physical Gold Trust by 567.7% during the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 3,321 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of Sprott Physical Gold Trust during the 1st quarter worth about $104,000. Howard Financial Services LTD. acquired a new stake in shares of Sprott Physical Gold Trust in the first quarter worth approximately $175,000. Headlands Technologies LLC purchased a new stake in Sprott Physical Gold Trust in the first quarter valued at approximately $281,000. Finally, Koshinski Asset Management Inc. increased its position in Sprott Physical Gold Trust by 9.0% during the first quarter. Koshinski Asset Management Inc. now owns 16,975 shares of the exchange traded fund’s stock worth $294,000 after purchasing an additional 1,405 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS remained flat at $18.96 during trading hours on Friday. 3,679,257 shares of the company’s stock were exchanged, compared to its average volume of 1,981,891. The company’s 50-day moving average is $18.35 and its 200 day moving average is $17.46. Sprott Physical Gold Trust has a 12 month low of $14.00 and a 12 month high of $19.24.

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.