Howe & Rusling Inc. Boosts Stock Holdings in Sprott Physical Gold Trust $PHYS

Howe & Rusling Inc. raised its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 18.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,707 shares of the exchange traded fund’s stock after acquiring an additional 3,476 shares during the quarter. Howe & Rusling Inc.’s holdings in Sprott Physical Gold Trust were worth $576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMC Chicago LLC increased its position in shares of Sprott Physical Gold Trust by 2,849.6% during the second quarter. IMC Chicago LLC now owns 3,204,243 shares of the exchange traded fund’s stock worth $81,228,000 after purchasing an additional 3,095,611 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Sprott Physical Gold Trust by 18.3% during the first quarter. Royal Bank of Canada now owns 7,917,978 shares of the exchange traded fund’s stock worth $190,507,000 after buying an additional 1,225,695 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Sprott Physical Gold Trust by 137.0% during the first quarter. Scotia Capital Inc. now owns 758,099 shares of the exchange traded fund’s stock worth $18,262,000 after buying an additional 438,259 shares in the last quarter. Hengehold Capital Management LLC raised its position in shares of Sprott Physical Gold Trust by 982.6% in the second quarter. Hengehold Capital Management LLC now owns 456,451 shares of the exchange traded fund’s stock valued at $11,571,000 after buying an additional 414,288 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in shares of Sprott Physical Gold Trust by 2,489.9% in the first quarter. Avantax Advisory Services Inc. now owns 412,105 shares of the exchange traded fund’s stock worth $9,915,000 after buying an additional 396,193 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

PHYS opened at $31.09 on Friday. The company’s 50 day simple moving average is $30.29 and its two-hundred day simple moving average is $27.33. Sprott Physical Gold Trust has a 1-year low of $19.89 and a 1-year high of $33.31.

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.