Howe & Rusling Inc. Purchases 2,103 Shares of Sprott Physical Gold Trust (NYSEARCA:PHYS)

Howe & Rusling Inc. increased its position in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 15.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 15,991 shares of the exchange traded fund’s stock after buying an additional 2,103 shares during the period. Howe & Rusling Inc.’s holdings in Sprott Physical Gold Trust were worth $322,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PHYS. Natixis Advisors LLC acquired a new position in shares of Sprott Physical Gold Trust in the 3rd quarter valued at about $219,000. Cerity Partners LLC increased its holdings in Sprott Physical Gold Trust by 4.7% in the third quarter. Cerity Partners LLC now owns 43,654 shares of the exchange traded fund’s stock worth $890,000 after purchasing an additional 1,950 shares in the last quarter. Private Trust Co. NA lifted its stake in Sprott Physical Gold Trust by 50.0% in the third quarter. Private Trust Co. NA now owns 7,500 shares of the exchange traded fund’s stock valued at $153,000 after buying an additional 2,500 shares during the period. Bank of Montreal Can boosted its holdings in shares of Sprott Physical Gold Trust by 1.0% during the 3rd quarter. Bank of Montreal Can now owns 757,202 shares of the exchange traded fund’s stock worth $15,432,000 after buying an additional 7,690 shares in the last quarter. Finally, Townsquare Capital LLC grew its position in shares of Sprott Physical Gold Trust by 69.7% during the 3rd quarter. Townsquare Capital LLC now owns 28,426 shares of the exchange traded fund’s stock worth $579,000 after buying an additional 11,671 shares during the period.

Sprott Physical Gold Trust Trading Up 1.3 %

NYSEARCA:PHYS opened at $23.61 on Friday. Sprott Physical Gold Trust has a twelve month low of $17.15 and a twelve month high of $23.79. The company has a fifty day moving average of $22.40 and a 200-day moving average of $21.14.

Sprott Physical Gold Trust Company 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.