Howe & Rusling Inc. Boosts Stock Position in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Howe & Rusling Inc. increased its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 29.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,888 shares of the exchange traded fund’s stock after acquiring an additional 3,185 shares during the quarter. Howe & Rusling Inc.’s holdings in Sprott Physical Gold Trust were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PHYS. Banque Cantonale Vaudoise purchased a new stake in Sprott Physical Gold Trust in the second quarter valued at approximately $36,000. Sunbelt Securities Inc. acquired a new position in Sprott Physical Gold Trust during the 2nd quarter worth about $51,000. St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust during the 3rd quarter valued at about $51,000. Missouri Trust & Investment Co increased its stake in Sprott Physical Gold Trust by 160.9% during the third quarter. Missouri Trust & Investment Co now owns 2,609 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 1,609 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Sprott Physical Gold Trust during the second quarter worth about $55,000.

Sprott Physical Gold Trust Trading Up 0.7 %

Sprott Physical Gold Trust stock opened at $20.40 on Thursday. Sprott Physical Gold Trust has a 52-week low of $15.31 and a 52-week high of $21.70. The company’s 50 day moving average is $20.60 and its two-hundred day moving average is $19.32.

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.