Pekin Hardy Strauss Inc. Buys 144,824 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Pekin Hardy Strauss Inc. lifted its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,196,788 shares of the exchange traded fund’s stock after purchasing an additional 144,824 shares during the period. Sprott Physical Gold Trust makes up about 10.7% of Pekin Hardy Strauss Inc.’s investment portfolio, making the stock its biggest position. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Gold Trust were worth $84,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of PHYS. Legacy Investment Solutions LLC acquired a new position in Sprott Physical Gold Trust in the third quarter valued at approximately $28,000. St. Johns Investment Management Company LLC acquired a new position in Sprott Physical Gold Trust in the third quarter valued at approximately $51,000. Missouri Trust & Investment Co lifted its holdings in Sprott Physical Gold Trust by 160.9% in the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock valued at $53,000 after buying an additional 1,609 shares during the period. First Horizon Advisors Inc. acquired a new position in Sprott Physical Gold Trust in the third quarter valued at approximately $54,000. Finally, Salomon & Ludwin LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at approximately $65,000.

Sprott Physical Gold Trust Stock Performance

Shares of NYSEARCA PHYS opened at $22.73 on Friday. The company’s 50 day simple moving average is $21.15 and its 200 day simple moving average is $20.55. Sprott Physical Gold Trust has a fifty-two week low of $15.55 and a fifty-two week high of $22.81.

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.