Perritt Capital Management Inc Cuts Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Perritt Capital Management Inc reduced its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 237,862 shares of the exchange traded fund’s stock after selling 2,297 shares during the period. Sprott Physical Gold Trust comprises 2.5% of Perritt Capital Management Inc’s holdings, making the stock its 10th largest position. Perritt Capital Management Inc’s holdings in Sprott Physical Gold Trust were worth $4,791,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Alliance Advisory Group LLC raised its position in shares of Sprott Physical Gold Trust by 4.3% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock worth $243,000 after acquiring an additional 500 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Sprott Physical Gold Trust by 1.2% in the fourth quarter. J.W. Cole Advisors Inc. now owns 42,131 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 519 shares during the period. Nwam LLC raised its holdings in Sprott Physical Gold Trust by 0.9% in the fourth quarter. Nwam LLC now owns 62,364 shares of the exchange traded fund’s stock worth $1,256,000 after purchasing an additional 557 shares in the last quarter. Quadrant Private Wealth Management LLC lifted its position in Sprott Physical Gold Trust by 0.6% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 94,738 shares of the exchange traded fund’s stock valued at $1,908,000 after buying an additional 600 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in shares of Sprott Physical Gold Trust by 12.0% during the 4th quarter. Avior Wealth Management LLC now owns 5,700 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 610 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 0.3 %

NYSEARCA:PHYS opened at $24.14 on Wednesday. The firm’s 50-day moving average price is $22.59 and its 200-day moving average price is $21.25. Sprott Physical Gold Trust has a 1-year low of $17.54 and a 1-year high of $24.23.

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.