SouthState Corp Sells 58,055 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

SouthState Corp decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,874,040 shares of the exchange traded fund’s stock after selling 58,055 shares during the period. Sprott Physical Gold Trust makes up 2.5% of SouthState Corp’s investment portfolio, making the stock its 6th biggest holding. SouthState Corp’s holdings in Sprott Physical Gold Trust were worth $37,743,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Financial Designs Inc. ADV acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $50,000. GWN Securities Inc. acquired a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $407,000. Harbour Investments Inc. increased its position in shares of Sprott Physical Gold Trust by 1.9% in the fourth quarter. Harbour Investments Inc. now owns 34,857 shares of the exchange traded fund’s stock valued at $702,000 after acquiring an additional 650 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of Sprott Physical Gold Trust by 337.4% in the fourth quarter. Corient Private Wealth LLC now owns 102,255 shares of the exchange traded fund’s stock valued at $2,059,000 after acquiring an additional 78,878 shares during the last quarter. Finally, Montis Financial LLC increased its position in shares of Sprott Physical Gold Trust by 1.4% in the fourth quarter. Montis Financial LLC now owns 91,912 shares of the exchange traded fund’s stock valued at $1,851,000 after acquiring an additional 1,253 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.3 %

NYSEARCA:PHYS opened at $23.08 on Monday. Sprott Physical Gold Trust has a 52-week low of $16.66 and a 52-week high of $23.11. The stock’s 50-day simple moving average is $21.89 and its 200 day simple moving average is $20.92.

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.