Sprott Physical Gold Trust (NYSEARCA:PHYS) Stake Lowered by Biltmore Family Office LLC

Biltmore Family Office LLC decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,307 shares of the exchange traded fund’s stock after selling 11,900 shares during the period. Sprott Physical Gold Trust accounts for 1.0% of Biltmore Family Office LLC’s portfolio, making the stock its 14th largest position. Biltmore Family Office LLC owned approximately 0.08% of Sprott Physical Gold Trust worth $6,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pekin Hardy Strauss Inc. increased its stake in shares of Sprott Physical Gold Trust by 3.6% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 4,196,788 shares of the exchange traded fund’s stock valued at $84,523,000 after purchasing an additional 144,824 shares during the period. Raymond James Financial Inc. acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at approximately $44,631,000. Sprott Inc. raised its stake in Sprott Physical Gold Trust by 14.9% during the 4th quarter. Sprott Inc. now owns 2,087,486 shares of the exchange traded fund’s stock valued at $42,043,000 after acquiring an additional 270,064 shares in the last quarter. IMC Chicago LLC boosted its position in Sprott Physical Gold Trust by 5,078.7% during the 4th quarter. IMC Chicago LLC now owns 2,025,763 shares of the exchange traded fund’s stock worth $40,799,000 after acquiring an additional 1,986,646 shares during the period. Finally, Matauro LLC bought a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth $40,017,000.

Sprott Physical Gold Trust Price Performance

Shares of PHYS opened at $24.19 on Thursday. The stock’s fifty day moving average is $22.64 and its 200-day moving average is $21.27. Sprott Physical Gold Trust has a one year low of $17.64 and a one year high of $24.47.

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.