Pekin Hardy Strauss Inc. Sells 14,202 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pekin Hardy Strauss Inc. decreased its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,978,609 shares of the exchange traded fund’s stock after selling 14,202 shares during the period. Sprott Physical Gold Trust comprises 9.9% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its largest holding. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Gold Trust were worth $71,854,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PHYS. Banque Cantonale Vaudoise bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $36,000. 1620 Investment Advisors Inc. bought a new stake in shares of Sprott Physical Gold Trust in the 2nd quarter valued at approximately $55,000. Evermay Wealth Management LLC grew its stake in shares of Sprott Physical Gold Trust by 567.7% in the 1st quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after buying an additional 3,321 shares in the last quarter. St. Johns Investment Management Company LLC bought a new stake in shares of Sprott Physical Gold Trust in the 1st quarter valued at approximately $104,000. Finally, Concourse Financial Group Securities Inc. grew its stake in shares of Sprott Physical Gold Trust by 69.3% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 6,278 shares of the exchange traded fund’s stock valued at $113,000 after buying an additional 2,570 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of NYSEARCA PHYS opened at $20.08 on Tuesday. The business has a 50 day simple moving average of $19.08 and a 200 day simple moving average of $18.26. Sprott Physical Gold Trust has a 52 week low of $14.00 and a 52 week high of $20.08.

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.