Waddell & Associates LLC Decreases Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Waddell & Associates LLC cut its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 17.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,754 shares of the exchange traded fund’s stock after selling 19,805 shares during the period. Waddell & Associates LLC’s holdings in Sprott Physical Gold Trust were worth $1,951,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Banque Cantonale Vaudoise acquired a new position in shares of Sprott Physical Gold Trust in the second quarter valued at about $36,000. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust in the 3rd quarter worth approximately $51,000. Missouri Trust & Investment Co raised its position in Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,609 shares during the last quarter. First Horizon Advisors Inc. purchased a new position in Sprott Physical Gold Trust during the 3rd quarter worth approximately $54,000. Finally, Sunbelt Securities Inc. acquired a new stake in Sprott Physical Gold Trust during the 2nd quarter valued at approximately $51,000.

Sprott Physical Gold Trust Stock Up 1.3 %

PHYS stock opened at $20.84 on Friday. The firm’s fifty day simple moving average is $20.62 and its 200-day simple moving average is $19.33. Sprott Physical Gold Trust has a 12 month low of $15.31 and a 12 month high of $21.70.

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.