Amitell Capital Pte Ltd Sells 131,401 Shares of Sprott Physical Gold Trust $PHYS

Amitell Capital Pte Ltd cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 44.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 164,558 shares of the exchange traded fund’s stock after selling 131,401 shares during the quarter. Sprott Physical Gold Trust accounts for 3.0% of Amitell Capital Pte Ltd’s holdings, making the stock its 12th largest position. Amitell Capital Pte Ltd’s holdings in Sprott Physical Gold Trust were worth $4,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PHYS. World Investment Advisors boosted its holdings in Sprott Physical Gold Trust by 36.4% in the 3rd quarter. World Investment Advisors now owns 192,058 shares of the exchange traded fund’s stock valued at $5,689,000 after purchasing an additional 51,243 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in Sprott Physical Gold Trust during the third quarter worth about $883,000. Concurrent Investment Advisors LLC lifted its holdings in Sprott Physical Gold Trust by 129.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 50,432 shares of the exchange traded fund’s stock worth $1,494,000 after buying an additional 28,428 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Sprott Physical Gold Trust by 32.3% during the 2nd quarter. Avantax Advisory Services Inc. now owns 545,100 shares of the exchange traded fund’s stock worth $13,818,000 after purchasing an additional 132,995 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Sprott Physical Gold Trust by 64.0% during the third quarter. CWM LLC now owns 70,078 shares of the exchange traded fund’s stock worth $2,076,000 after buying an additional 27,355 shares during the period.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $39.31 on Thursday. Sprott Physical Gold Trust has a fifty-two week low of $21.96 and a fifty-two week high of $42.07. The stock’s 50-day simple moving average is $36.19 and its 200-day simple moving average is $31.97.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.