Sprott Physical Gold Trust (NYSEARCA:PHYS) is Pekin Hardy Strauss Inc.’s Largest Position

Pekin Hardy Strauss Inc. grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.8% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,051,964 shares of the exchange traded fund’s stock after buying an additional 73,355 shares during the period. Sprott Physical Gold Trust accounts for approximately 10.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its largest position. Pekin Hardy Strauss Inc. owned about 1.02% of Sprott Physical Gold Trust worth $82,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Sprott Physical Gold Trust by 2,471.9% during the third quarter. International Assets Investment Management LLC now owns 2,859,518 shares of the exchange traded fund’s stock worth $58,277,000 after acquiring an additional 2,748,335 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Sprott Physical Gold Trust by 29.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after acquiring an additional 518,649 shares during the period. Bluefin Capital Management LLC increased its stake in shares of Sprott Physical Gold Trust by 478.6% during the first quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after acquiring an additional 1,674,108 shares during the period. Captrust Financial Advisors increased its stake in shares of 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 worth $31,538,000 after acquiring an additional 71,602 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Sprott Physical Gold Trust by 16.1% during the second quarter. Commonwealth Equity Services LLC now owns 1,777,810 shares of the exchange traded fund’s stock worth $32,107,000 after acquiring an additional 247,138 shares during the period.

Sprott Physical Gold Trust Stock Up 1.3 %

PHYS stock opened at $20.84 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.31 and a 1 year high of $21.70. The stock’s 50 day moving average price is $20.64 and its 200 day moving average price is $19.36.

Sprott Physical Gold Trust Company 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.