Perritt Capital Management Inc Trims Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Perritt Capital Management Inc lowered its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 237,862 shares of the exchange traded fund’s stock after selling 2,297 shares during the quarter. Sprott Physical Gold Trust accounts for 2.5% of Perritt Capital Management Inc’s portfolio, making the stock its 10th biggest position. Perritt Capital Management Inc owned 0.06% of Sprott Physical Gold Trust worth $4,791,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $44,631,000. Matauro LLC purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $40,017,000. IMC Chicago LLC raised its stake in shares of Sprott Physical Gold Trust by 5,078.7% during the fourth quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock valued at $40,799,000 after acquiring an additional 1,986,646 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Sprott Physical Gold Trust by 1,026.9% during the fourth quarter. Kestra Advisory Services LLC now owns 1,451,077 shares of the exchange traded fund’s stock worth $29,225,000 after purchasing an additional 1,322,305 shares during the period. Finally, Proficio Capital Partners LLC grew its stake in shares of Sprott Physical Gold Trust by 1,536.2% in the fourth quarter. Proficio Capital Partners LLC now owns 746,124 shares of the exchange traded fund’s stock worth $15,027,000 after purchasing an additional 700,524 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA:PHYS opened at $24.14 on Wednesday. The stock’s 50-day moving average is $22.59 and its 200 day moving average is $21.25. Sprott Physical Gold Trust has a 1 year low of $17.54 and a 1 year high of $24.23.

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.