Wells Fargo & Company MN Decreases Holdings in Sprott Physical Gold Trust (PHYS)

Wells Fargo & Company MN cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,248,163 shares of the exchange traded fund’s stock after selling 65,807 shares during the quarter. Wells Fargo & Company MN owned 0.59% of Sprott Physical Gold Trust worth $13,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PHYS. Blair William & Co. IL boosted its position in Sprott Physical Gold Trust by 44.8% during the 2nd quarter. Blair William & Co. IL now owns 18,755 shares of the exchange traded fund’s stock worth $190,000 after acquiring an additional 5,800 shares during the period. BB&T Securities LLC raised its stake in shares of Sprott Physical Gold Trust by 33.7% during the 2nd quarter. BB&T Securities LLC now owns 20,587 shares of the exchange traded fund’s stock worth $208,000 after purchasing an additional 5,184 shares in the last quarter. Stephens Inc. AR raised its stake in shares of Sprott Physical Gold Trust by 13.6% during the 2nd quarter. Stephens Inc. AR now owns 25,000 shares of the exchange traded fund’s stock worth $253,000 after purchasing an additional 3,000 shares in the last quarter. Brightworth purchased a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth about $265,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Sprott Physical Gold Trust by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 27,065 shares of the exchange traded fund’s stock worth $274,000 after purchasing an additional 2,886 shares in the last quarter.

Shares of Sprott Physical Gold Trust (NYSEARCA PHYS) opened at $10.37 on Friday. Sprott Physical Gold Trust has a one year low of $9.23 and a one year high of $11.02. The firm has a market capitalization of $2,190.00 and a PE ratio of -29.63.

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Sprott Physical Gold Trust Profile

Sprott Physical Gold Trust (the Trust) is a closed-end trust. The Trust invests in unencumbered and fully allocated London Good Delivery (LGD) gold bars. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. The Trust invests in long-term holdings of unencumbered, fully allocated physical gold bullion and does not speculate with regard to short-term changes in gold prices.

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

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