Islay Capital Management LLC Raises Stock Holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS)

Islay Capital Management LLC grew its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 1.4% in the third quarter, Holdings Channel reports. The institutional investor owned 41,161 shares of the exchange traded fund’s stock after acquiring an additional 550 shares during the quarter. Islay Capital Management LLC’s holdings in Sprott Physical Gold Trust were worth $839,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Sprott Physical Gold Trust in the 2nd quarter worth about $36,000. Sunbelt Securities Inc. purchased a new position in shares of Sprott Physical Gold Trust in the second quarter valued at approximately $51,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Sprott Physical Gold Trust in the third quarter worth approximately $51,000. Missouri Trust & Investment Co increased its position in shares of 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 in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $55,000.

Sprott Physical Gold Trust Stock Performance

Shares of PHYS stock opened at $19.67 on Monday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $21.70. The stock’s fifty day moving average is $20.56 and its two-hundred day moving average is $19.28.

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.