St. Johns Investment Management Company LLC Invests $104,000 in Sprott Physical Gold Trust (NYSEARCA:PHYS)

St. Johns Investment Management Company LLC purchased a new position in Sprott Physical Gold Trust (NYSEARCA:PHYS) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 6,000 shares of the exchange traded fund’s stock, valued at approximately $104,000.

Separately, Brookstone Capital Management lifted its position in Sprott Physical Gold Trust by 2.7% during the first quarter. Brookstone Capital Management now owns 126,629 shares of the exchange traded fund’s stock worth $2,191,000 after buying an additional 3,298 shares in the last quarter.

Sprott Physical Gold Trust Trading Down 0.9 %

Shares of Sprott Physical Gold Trust stock opened at $17.86 on Thursday. Sprott Physical Gold Trust has a one year low of $14.00 and a one year high of $18.93. The business’s 50 day moving average price is $18.15 and its 200 day moving average price is $16.94.

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.