Raymond James Financial Services Advisors Inc. Trims Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Raymond James Financial Services Advisors Inc. lessened its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYSGet Rating) by 7.0% during the 3rd quarter, Holdings Channel reports. The firm owned 217,338 shares of the exchange traded fund’s stock after selling 16,252 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sprott Physical Gold Trust were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Total Clarity Wealth Management Inc. purchased a new stake in shares of Sprott Physical Gold Trust in the second quarter valued at about $28,000. Toronto Dominion Bank raised its position in shares of Sprott Physical Gold Trust by 2,239.0% in the second quarter. Toronto Dominion Bank now owns 2,339 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 2,239 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Sprott Physical Gold Trust by 238.2% in the second quarter. Parallel Advisors LLC now owns 2,371 shares of the exchange traded fund’s stock valued at $34,000 after buying an additional 1,670 shares during the last quarter. Credit Suisse AG acquired a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $66,000. Finally, Gradient Investments LLC acquired a new position in shares of Sprott Physical Gold Trust in the third quarter valued at approximately $67,000.

Sprott Physical Gold Trust Price Performance

Shares of PHYS stock opened at $14.86 on Monday. The company’s fifty day simple moving average is $13.83 and its 200-day simple moving average is $13.49. Sprott Physical Gold Trust has a 52 week low of $12.48 and a 52 week high of $16.19.

About Sprott Physical Gold Trust

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Sprott Physical Gold Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical gold bullion in London Good Delivery bar form. Sprott Physical Gold Trust was formed on August 28, 2009 and is domiciled in Canada.

Further Reading

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Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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