4,418,942 Shares of Sprott Physical Gold Trust $PHYS Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. acquired a new position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,418,942 shares of the exchange traded fund’s stock, valued at approximately $138,180,000. Sprott Physical Gold Trust comprises about 11.7% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its biggest position. Pekin Hardy Strauss Inc. owned about 0.91% of Sprott Physical Gold Trust as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in shares of Sprott Physical Gold Trust by 1.1% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 28,865 shares of the exchange traded fund’s stock valued at $871,000 after purchasing an additional 319 shares during the last quarter. Summit Financial Strategies Inc. boosted its holdings in shares of Sprott Physical Gold Trust by 5.3% in the 1st quarter. Summit Financial Strategies Inc. now owns 6,602 shares of the exchange traded fund’s stock worth $234,000 after purchasing an additional 330 shares during the period. Community Financial Services Group LLC boosted its holdings in shares of Sprott Physical Gold Trust by 8.0% in the 2nd quarter. Community Financial Services Group LLC now owns 5,420 shares of the exchange traded fund’s stock worth $165,000 after purchasing an additional 400 shares during the period. Wealthspire Retirement LLC boosted its holdings in shares of Sprott Physical Gold Trust by 7.1% in the 1st quarter. Wealthspire Retirement LLC now owns 7,034 shares of the exchange traded fund’s stock worth $249,000 after purchasing an additional 464 shares during the period. Finally, Darwin Wealth Management LLC increased its position in shares of Sprott Physical Gold Trust by 3.5% during the 1st quarter. Darwin Wealth Management LLC now owns 15,359 shares of the exchange traded fund’s stock valued at $544,000 after purchasing an additional 524 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

NYSEARCA PHYS opened at $30.94 on Friday. The business’s 50 day moving average price is $31.80 and its 200-day moving average price is $33.95. Sprott Physical Gold Trust has a fifty-two week low of $29.27 and a fifty-two week high of $42.07.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.