Basepoint Wealth LLC Has $27.94 Million Stake in Sprott Physical Gold Trust $PHYS

Basepoint Wealth LLC cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 21.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 788,317 shares of the exchange traded fund’s stock after selling 213,486 shares during the quarter. Sprott Physical Gold Trust accounts for about 16.0% of Basepoint Wealth LLC’s investment portfolio, making the stock its largest holding. Basepoint Wealth LLC owned approximately 0.17% of Sprott Physical Gold Trust worth $27,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Sprott Physical Gold Trust in the fourth quarter worth $33,000. Financial Management Professionals Inc. purchased a new stake in Sprott Physical Gold Trust during the 4th quarter valued at $36,000. Scarborough Advisors LLC grew its holdings in Sprott Physical Gold Trust by 2,202.0% in the 1st quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 1,101 shares during the last quarter. Eastern Bank bought a new stake in Sprott Physical Gold Trust in the 4th quarter worth $47,000. Finally, Main Street Group LTD purchased a new position in shares of Sprott Physical Gold Trust in the first quarter valued at about $54,000.

Sprott Physical Gold Trust Stock Performance

PHYS stock opened at $30.31 on Monday. The firm’s 50-day moving average price is $32.38 and its two-hundred day moving average price is $35.04. Sprott Physical Gold Trust has a 12-month low of $25.00 and a 12-month high of $42.07.

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.