Biltmore Family Office LLC Has $6.05 Million Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Biltmore Family Office LLC reduced its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 300,307 shares of the exchange traded fund’s stock after selling 11,900 shares during the quarter. Sprott Physical Gold Trust makes up 1.0% of Biltmore Family Office LLC’s investment portfolio, making the stock its 14th largest holding. Biltmore Family Office LLC’s holdings in Sprott Physical Gold Trust were worth $6,048,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PHYS. Legacy Investment Solutions LLC bought a new position in Sprott Physical Gold Trust in the 3rd quarter worth approximately $28,000. Jones Financial Companies Lllp bought a new position in Sprott Physical Gold Trust during the fourth quarter worth $39,000. Smartleaf Asset Management LLC acquired a new position in Sprott Physical Gold Trust during the 4th quarter valued at $40,000. Smithfield Trust Co bought a new stake in Sprott Physical Gold Trust in the 4th quarter valued at $50,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in Sprott Physical Gold Trust in the 4th quarter worth $50,000.

Sprott Physical Gold Trust Stock Up 0.2 %

Shares of PHYS opened at $24.19 on Thursday. The company has a 50-day simple moving average of $22.64 and a 200-day simple moving average of $21.27. Sprott Physical Gold Trust has a 52 week low of $17.64 and a 52 week high of $24.47.

Sprott Physical Gold Trust Company 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.