Larson Financial Group LLC Trims Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Larson Financial Group LLC cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 18,252 shares of the exchange traded fund’s stock after selling 1,633 shares during the period. Larson Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PHYS. Banque Cantonale Vaudoise bought a new stake in Sprott Physical Gold Trust during the 2nd quarter worth approximately $36,000. 1620 Investment Advisors Inc. bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $55,000. Evermay Wealth Management LLC grew its position in shares of Sprott Physical Gold Trust by 567.7% during the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust in the first quarter worth $104,000. Finally, Concourse Financial Group Securities Inc. raised its position in shares of Sprott Physical Gold Trust by 69.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after buying an additional 2,570 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA:PHYS opened at $19.59 on Friday. Sprott Physical Gold Trust has a 52-week low of $14.00 and a 52-week high of $19.67. The stock has a fifty day moving average of $18.91 and a 200 day moving average of $18.06.

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.