Spectrum Asset Management (nbca) Exits Position in NovaGold Resources (USA) (NG)

NovaGold Resources (USA) (NG) : Spectrum Asset Management (nbca) has sold out all of its stake in NovaGold Resources (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 177,500 shares of NovaGold Resources (USA) which is valued at $1,167,950.

Other Hedge Funds, Including , Comerica Bank reduced its stake in NG by selling 103 shares or 0.6% in the most recent quarter. The Hedge Fund company now holds 17,096 shares of NG which is valued at $112,492.Wfg Advisors Lp boosted its stake in NG in the latest quarter, The investment management firm added 11,700 additional shares and now holds a total of 85,600 shares of NovaGold Resources (USA) which is valued at $563,248. NovaGold Resources (USA) makes up approx 0.15% of Wfg Advisors Lp’s portfolio.Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in NG by selling 87,200 shares or 35.35% in the most recent quarter. The Hedge Fund company now holds 159,500 shares of NG which is valued at $1,110,120. NovaGold Resources (USA) makes up approx 0.01% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.

NovaGold Resources (USA) opened for trading at $5.39 and hit $5.6 on the upside on Monday, eventually ending the session at $5.52, with a gain of 1.85% or 0.1 points. The heightened volatility saw the trading volume jump to 15,51,416 shares. Company has a market cap of $1,766 M.

NOVAGOLD RESOURCES INC. (NOVAGOLD) is engaged in the exploration and development of mineral properties. The Company operates in the mining industry focused on the exploration for and development of gold and copper mineral properties. The Company’s principal assets include a 50% interest in the Donlin Gold project in Alaska the United States and a 50% interest in the Galore Creek project in British Columbia Canada. The Company’s primary focus is on the Donlin Gold project. The Donlin Gold project is owned and operated by Donlin Gold LLC a limited liability company that is owned equally by wholly owned subsidiaries of NOVAGOLD and Barrick Gold Corporation (Barrick). The Galore Creek project is owned by the Galore Creek Partnership a partnership in which NOVAGOLD Canada Inc a wholly owned subsidiary of NOVAGOLD owns approximately 50% interest. The Company has no operations or realized revenues from its planned principal business purpose.

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