Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lessened its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Get Rating) by 39.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 36,988 shares of the exchange traded fund’s stock after selling 24,000 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Sprott Physical Gold Trust were worth $522,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PHYS. Goodman Advisory Group LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 4th quarter valued at about $43,000. Missouri Trust & Investment Co grew its position in shares of Sprott Physical Gold Trust by 111.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 4,337 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 2,290 shares during the last quarter. Robinson Value Management Ltd. grew its position in shares of Sprott Physical Gold Trust by 300.0% during the 4th quarter. Robinson Value Management Ltd. now owns 4,000 shares of the exchange traded fund’s stock valued at $56,000 after buying an additional 3,000 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter valued at about $65,000. Finally, Credit Suisse AG bought a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter valued at about $66,000.

Sprott Physical Gold Trust Stock Up 1.1 %

Shares of NYSEARCA:PHYS opened at $15.45 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $12.48 and a fifty-two week high of $16.10. The firm has a 50-day simple moving average of $15.55 and a 200 day simple moving average of $14.60.

Sprott Physical Gold Trust Profile

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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.