Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Bought by Brookstone Capital Management

Brookstone Capital Management boosted its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,549 shares of the exchange traded fund’s stock after acquiring an additional 4,920 shares during the period. Brookstone Capital Management’s holdings in Sprott Physical Gold Trust were worth $2,502,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PHYS. Evermay Wealth Management LLC boosted its stake in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 3,321 shares during the period. St. Johns Investment Management Company LLC purchased a new position in shares of Sprott Physical Gold Trust in the first quarter valued at $104,000. Howard Financial Services LTD. purchased a new position in shares of Sprott Physical Gold Trust in the first quarter valued at $175,000. Advocate Group LLC purchased a new position in shares of Sprott Physical Gold Trust in the second quarter valued at $197,000. Finally, Headlands Technologies LLC purchased a new position in shares of Sprott Physical Gold Trust in the first quarter valued at $281,000.

Sprott Physical Gold Trust Trading Up 1.7 %

NYSEARCA PHYS traded up $0.32 during trading hours on Friday, reaching $19.42. 5,632,013 shares of the company traded hands, compared to its average volume of 2,054,331. Sprott Physical Gold Trust has a 12 month low of $14.00 and a 12 month high of $19.42. The company has a 50 day moving average of $18.50 and a two-hundred day moving average of $17.68.

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.