Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 65.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,001 shares of the exchange traded fund’s stock after selling 63,301 shares during the period. Bank of New York Mellon Corp’s holdings in Sprott Physical Gold Trust were worth $614,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in PHYS. Ndwm LLC boosted its position in shares of Sprott Physical Gold Trust by 34.7% during the 1st quarter. Ndwm LLC now owns 19,065 shares of the exchange traded fund’s stock worth $330,000 after purchasing an additional 4,911 shares during the period. Private Advisor Group LLC boosted its position in shares of Sprott Physical Gold Trust by 88.8% during the first quarter. Private Advisor Group LLC now owns 777,048 shares of the exchange traded fund’s stock worth $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 first quarter valued at $281,000. Raymond James & Associates raised its holdings 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. lifted its stake in Sprott Physical Gold Trust by 69.3% during the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock worth $113,000 after acquiring an additional 2,570 shares in the last quarter.

Sprott Physical Gold Trust Stock Up 0.3 %

NYSEARCA PHYS opened at $20.39 on Tuesday. The stock has a 50-day moving average of $19.27 and a two-hundred day moving average of $18.42. Sprott Physical Gold Trust has a 1-year low of $14.00 and a 1-year high of $20.45.

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.