Pekin Hardy Strauss Inc. Boosts Stake in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pekin Hardy Strauss Inc. boosted its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,196,788 shares of the exchange traded fund’s stock after acquiring an additional 144,824 shares during the quarter. Sprott Physical Gold Trust accounts for about 10.7% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its biggest position. Pekin Hardy Strauss Inc. owned about 1.06% of Sprott Physical Gold Trust worth $84,523,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its stake in Sprott Physical Gold Trust by 7,000.0% during the fourth quarter. AdvisorNet Financial Inc now owns 3,550 shares of the exchange traded fund’s stock worth $71,000 after buying an additional 3,500 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Sprott Physical Gold Trust by 74.1% during the third quarter. JPMorgan Chase & Co. now owns 395,289 shares of the exchange traded fund’s stock worth $8,056,000 after buying an additional 168,288 shares during the last quarter. International Assets Investment Management LLC grew its stake in 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 buying an additional 2,748,335 shares during the last quarter. Natixis Advisors LLC bought a new stake in Sprott Physical Gold Trust during the third quarter worth about $219,000. Finally, Foundations Investment Advisors LLC grew its stake in Sprott Physical Gold Trust by 4.8% during the third quarter. Foundations Investment Advisors LLC now owns 20,082 shares of the exchange traded fund’s stock worth $409,000 after buying an additional 917 shares during the last quarter.

Sprott Physical Gold Trust Trading Down 0.1 %

Shares of PHYS stock opened at $22.73 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.55 and a 1 year high of $22.81. The firm’s 50 day moving average is $21.15 and its 200-day moving average is $20.55.

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.