Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Holdings Reduced by Merit Financial Group LLC

Merit Financial Group LLC cut its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 8.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,456 shares of the exchange traded fund’s stock after selling 2,745 shares during the period. Merit Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $573,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Legacy Investment Solutions LLC bought a new position in Sprott Physical Gold Trust during the third quarter valued at approximately $28,000. Sunbelt Securities Inc. bought a new position in shares of Sprott Physical Gold Trust during the 2nd quarter valued at $51,000. St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust during the 3rd quarter valued at $51,000. Missouri Trust & Investment Co lifted its stake in shares of Sprott Physical Gold Trust by 160.9% in the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after purchasing an additional 1,609 shares during the last quarter. Finally, First Horizon Advisors Inc. bought a new stake in Sprott Physical Gold Trust in the third quarter worth $54,000.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $21.30 on Thursday. Sprott Physical Gold Trust has a one year low of $15.31 and a one year high of $21.70. The company’s fifty day moving average price is $20.39 and its two-hundred day moving average price is $20.03.

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.