Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lowered its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,267 shares of the exchange traded fund’s stock after selling 1,335 shares during the period. Orion Portfolio Solutions LLC’s holdings in Sprott Physical Gold Trust were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Raymond James & Associates lifted its holdings in Sprott Physical Gold Trust by 32.8% in the second quarter. Raymond James & Associates now owns 924,659 shares of the exchange traded fund’s stock worth $16,699,000 after purchasing an additional 228,541 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Sprott Physical Gold Trust by 42.8% in the 2nd quarter. Focus Financial Network Inc. now owns 27,811 shares of the exchange traded fund’s stock worth $529,000 after acquiring an additional 8,332 shares during the period. Concourse Financial Group Securities Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 69.3% in the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after acquiring an additional 2,570 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Sprott Physical Gold Trust during the second quarter valued at approximately $55,000. Finally, Secure Asset Management LLC bought a new stake in Sprott Physical Gold Trust during the second quarter worth approximately $211,000.

Sprott Physical Gold Trust Stock Down 2.2 %

Shares of NYSEARCA PHYS opened at $19.94 on Thursday. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70. The stock has a fifty day moving average price of $20.62 and a two-hundred day moving average price of $19.62.

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.