Sprott Physical Gold Trust (NYSEARCA:PHYS) Position Lifted by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. grew its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 4,051,964 shares of the exchange traded fund’s stock after purchasing an additional 73,355 shares during the quarter. Sprott Physical Gold Trust accounts for approximately 10.5% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its largest holding. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Gold Trust were worth $82,579,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in shares of Sprott Physical Gold Trust during the 2nd quarter worth $36,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth $51,000. Missouri Trust & Investment Co increased its holdings in shares of Sprott Physical Gold Trust by 160.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after buying an additional 1,609 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Sprott Physical Gold Trust in the 3rd quarter valued at $54,000. Finally, Sunbelt Securities Inc. acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter valued at $51,000.

Sprott Physical Gold Trust Trading Up 1.3 %

Shares of NYSEARCA PHYS opened at $20.84 on Friday. Sprott Physical Gold Trust has a 12-month low of $15.31 and a 12-month high of $21.70. The stock has a fifty day moving average price of $20.64 and a 200 day moving average price of $19.36.

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.