Sterneck Capital Management LLC Holds Position in Sprott Physical Gold Trust (PHYS)

Sterneck Capital Management LLC maintained its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 92,084 shares of the exchange traded fund’s stock at the end of the second quarter. Sterneck Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $933,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Susquehanna International Group LLP acquired a new position in shares of Sprott Physical Gold Trust during the 2nd quarter worth approximately $512,000. Scotia Capital Inc. lifted its holdings in Sprott Physical Gold Trust by 20.3% in the second quarter. Scotia Capital Inc. now owns 47,521 shares of the exchange traded fund’s stock valued at $481,000 after acquiring an additional 8,035 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Sprott Physical Gold Trust by 1.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 488,574 shares of the exchange traded fund’s stock valued at $4,949,000 after acquiring an additional 8,179 shares during the last quarter. Royal Bank of Canada lifted its holdings in Sprott Physical Gold Trust by 3.1% in the second quarter. Royal Bank of Canada now owns 870,513 shares of the exchange traded fund’s stock valued at $8,819,000 after acquiring an additional 26,303 shares during the last quarter. Finally, Carnegie Capital Asset Management LLC lifted its holdings in Sprott Physical Gold Trust by 4.3% in the second quarter. Carnegie Capital Asset Management LLC now owns 32,600 shares of the exchange traded fund’s stock valued at $336,000 after acquiring an additional 1,350 shares during the last quarter.

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Sprott Physical Gold Trust (PHYS) traded up 0.66% on Friday, reaching $10.60. The company had a trading volume of 41,011 shares. Sprott Physical Gold Trust has a 52-week low of $9.19 and a 52-week high of $11.02. The stock has a 50 day moving average price of $10.63 and a 200 day moving average price of $10.36.

Sprott Physical Gold Trust Profile

Sprott Physical Gold Trust (the Trust) is a closed-end trust. The Trust invests in unencumbered and fully allocated London Good Delivery (LGD) gold bars. The Trust was created to invest and hold substantially all of its assets in physical gold bullion. The Trust invests in long-term holdings of unencumbered, fully allocated physical gold bullion and does not speculate with regard to short-term changes in gold prices.

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Institutional Ownership by Quarter for Sprott Physical Gold Trust (NYSEARCA:PHYS)

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