Howe & Rusling Inc. Increases Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Howe & Rusling Inc. boosted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 29.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,888 shares of the exchange traded fund’s stock after purchasing an additional 3,185 shares during the period. Howe & Rusling Inc.’s holdings in Sprott Physical Gold Trust were worth $283,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Perritt Capital Management Inc. boosted its position in Sprott Physical Gold Trust by 0.6% in the 1st quarter. Perritt Capital Management Inc. now owns 348,757 shares of the exchange traded fund’s stock worth $6,034,000 after purchasing an additional 2,027 shares in the last quarter. Mountain Lake Investment Management LLC boosted its holdings in Sprott Physical Gold Trust by 10.1% during the first quarter. Mountain Lake Investment Management LLC now owns 350,000 shares of the exchange traded fund’s stock worth $6,055,000 after buying an additional 32,000 shares in the last quarter. Captrust Financial Advisors grew its position in Sprott Physical Gold Trust by 4.1% during the first quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock valued at $31,538,000 after buying an additional 71,602 shares during the period. Ancora Advisors LLC grew its position in Sprott Physical Gold Trust by 2.0% during the first quarter. Ancora Advisors LLC now owns 236,385 shares of the exchange traded fund’s stock valued at $4,089,000 after buying an additional 4,571 shares during the period. Finally, Bluefin Capital Management LLC increased its holdings in Sprott Physical Gold Trust by 478.6% in the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock valued at $35,014,000 after buying an additional 1,674,108 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS stock opened at $20.40 on Thursday. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70. The company’s 50-day simple moving average is $20.60 and its 200-day simple moving average is $19.32.

Sprott Physical Gold Trust Profile

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.