Sprott Physical Gold Trust $PHYS Shares Newly Acquired by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. purchased a new stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 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 investment portfolio, making the stock its largest holding.

Several other hedge funds also recently added to or reduced their stakes in the company. Balance Wealth Partners LLC purchased a new stake in Sprott Physical Gold Trust in the 3rd quarter worth about $27,000. Toth Financial Advisory Corp purchased a new position in shares of Sprott Physical Gold Trust during the third quarter valued at approximately $28,000. Mather Group LLC. purchased a new position in shares of Sprott Physical Gold Trust during the third quarter valued at approximately $28,000. Center for Financial Planning Inc. purchased a new position in shares of Sprott Physical Gold Trust during the third quarter valued at approximately $36,000. Finally, Scarborough Advisors LLC grew its stake in shares of Sprott Physical Gold Trust by 2,202.0% during the first quarter. Scarborough Advisors LLC now owns 1,151 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 1,101 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.9%

PHYS opened at $30.94 on Friday. The stock’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 one year low of $29.27 and a one year 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.