International Assets Investment Management LLC Has $266,000 Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

International Assets Investment Management LLC lowered its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 76.3% during the first quarter, HoldingsChannel reports. The firm owned 11,076 shares of the exchange traded fund’s stock after selling 35,573 shares during the quarter. International Assets Investment Management LLC’s holdings in Sprott Physical Gold Trust were worth $266,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Nwam LLC increased its stake in Sprott Physical Gold Trust by 0.9% during the 4th quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after purchasing an additional 557 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings 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 valued at $15,027,000 after buying an additional 700,524 shares during the period. Smartleaf Asset Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $40,000. Jones Financial Companies Lllp acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth $39,000. Finally, Auxano Advisors LLC raised its holdings in shares of Sprott Physical Gold Trust by 1.2% during the fourth quarter. Auxano Advisors LLC now owns 1,001,425 shares of the exchange traded fund’s stock worth $20,169,000 after acquiring an additional 11,522 shares during the period.

Sprott Physical Gold Trust Stock Down 1.8%

Shares of NYSEARCA PHYS opened at $25.01 on Friday. The company has a fifty day moving average price of $25.38 and a 200 day moving average price of $23.27. Sprott Physical Gold Trust has a 1-year low of $18.03 and a 1-year high of $26.42.

Sprott Physical Gold Trust Company 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.