Sprott Physical Gold Trust $PHYS Holdings Trimmed by Basepoint Wealth LLC

Basepoint Wealth LLC reduced its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,001,803 shares of the exchange traded fund’s stock after selling 58,434 shares during the quarter. Sprott Physical Gold Trust comprises about 20.1% of Basepoint Wealth LLC’s holdings, making the stock its 2nd largest position. Basepoint Wealth LLC owned approximately 0.21% of Sprott Physical Gold Trust worth $33,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Enclave Advisors LLC acquired a new stake in Sprott Physical Gold Trust in the fourth quarter valued at approximately $3,022,000. BCS Wealth Management increased its stake in Sprott Physical Gold Trust by 99.1% during the 4th quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after buying an additional 27,744 shares during the period. Cyndeo Wealth Partners LLC lifted its holdings in Sprott Physical Gold Trust by 4.3% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after buying an additional 28,702 shares in the last quarter. Dakota Wealth Management lifted its holdings in Sprott Physical Gold Trust by 21.5% in the 3rd quarter. Dakota Wealth Management now owns 147,217 shares of the exchange traded fund’s stock worth $4,361,000 after buying an additional 26,060 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Sprott Physical Gold Trust by 53.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 39,609 shares of the exchange traded fund’s stock valued at $1,173,000 after buying an additional 13,879 shares during the last quarter.

Sprott Physical Gold Trust Stock Performance

Shares of Sprott Physical Gold Trust stock opened at $34.01 on Friday. The business has a 50-day moving average of $35.10 and a 200-day moving average of $35.25. Sprott Physical Gold Trust has a 1-year low of $24.86 and a 1-year high of $42.07.

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