Truist Financial Corp Has $1.45 Million Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Truist Financial Corp reduced its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 13.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 80,184 shares of the exchange traded fund’s stock after selling 12,298 shares during the period. Truist Financial Corp’s holdings in Sprott Physical Gold Trust were worth $1,448,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ndwm LLC increased its stake in shares of Sprott Physical Gold Trust by 34.7% in the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock valued at $330,000 after buying an additional 4,911 shares during the period. Private Advisor Group LLC increased its stake in shares of Sprott Physical Gold Trust by 88.8% in the 1st quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock valued at $13,443,000 after buying an additional 365,371 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at $281,000. Raymond James & Associates increased its stake in shares of Sprott Physical Gold Trust by 32.8% in the 2nd quarter. Raymond James & Associates now owns 924,659 shares of the exchange traded fund’s stock valued at $16,699,000 after buying an additional 228,541 shares during the period. Finally, Concourse Financial Group Securities Inc. grew its stake in shares of Sprott Physical Gold Trust by 69.3% during the second quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after purchasing an additional 2,570 shares during the period.

Sprott Physical Gold Trust Stock Up 1.1 %

Shares of Sprott Physical Gold Trust stock opened at $20.64 on Friday. Sprott Physical Gold Trust has a 12 month low of $14.46 and a 12 month high of $20.75. The business has a fifty day simple moving average of $19.78 and a 200 day simple moving average of $18.77.

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.