Leavell Investment Management Inc. Grows Position in Sprott Physical Gold Trust $PHYS

Leavell Investment Management Inc. raised its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 69.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 278,136 shares of the exchange traded fund’s stock after purchasing an additional 113,726 shares during the quarter. Leavell Investment Management Inc. owned 0.06% of Sprott Physical Gold Trust worth $8,238,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ameriflex Group Inc. grew its stake in shares of Sprott Physical Gold Trust by 66.7% during the second quarter. Ameriflex Group Inc. now owns 1,000 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Manchester Capital Management LLC purchased a new position in Sprott Physical Gold Trust during the 2nd quarter valued at $25,000. Tradewinds Capital Management LLC boosted its holdings in Sprott Physical Gold Trust by 59.8% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,088 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 407 shares during the period. MTM Investment Management LLC bought a new position in Sprott Physical Gold Trust in the 2nd quarter valued at $30,000. Finally, Hilltop National Bank purchased a new stake in Sprott Physical Gold Trust in the second quarter worth $32,000.

Sprott Physical Gold Trust Trading Down 0.4%

NYSEARCA:PHYS opened at $35.03 on Friday. Sprott Physical Gold Trust has a twelve month low of $20.85 and a twelve month high of $35.47. The stock has a fifty day simple moving average of $32.87 and a 200-day simple moving average of $29.55.

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.