Sprott Physical Gold Trust (NYSEARCA:PHYS) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC decreased its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 20.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,987,456 shares of the exchange traded fund’s stock after selling 757,844 shares during the quarter. Sprott Physical Gold Trust accounts for about 1.9% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 10th largest holding. Bleakley Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $60,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its stake in Sprott Physical Gold Trust by 29.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 2,271,370 shares of the exchange traded fund’s stock worth $41,021,000 after acquiring an additional 518,649 shares in the last quarter. Bluefin Capital Management LLC lifted its stake in Sprott Physical Gold Trust by 478.6% in the 1st quarter. Bluefin Capital Management LLC now owns 2,023,920 shares of the exchange traded fund’s stock worth $35,014,000 after acquiring an additional 1,674,108 shares in the last quarter. Captrust Financial Advisors lifted its stake in Sprott Physical Gold Trust by 4.1% in the 1st quarter. Captrust Financial Advisors now owns 1,823,029 shares of the exchange traded fund’s stock worth $31,538,000 after acquiring an additional 71,602 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Sprott Physical Gold Trust by 16.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,777,810 shares of the exchange traded fund’s stock worth $32,107,000 after acquiring an additional 247,138 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Sprott Physical Gold Trust by 28.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,615,548 shares of the exchange traded fund’s stock worth $29,177,000 after acquiring an additional 361,514 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Shares of Sprott Physical Gold Trust stock opened at $20.92 on Friday. The stock has a 50-day moving average price of $19.94 and a 200 day moving average price of $18.86. Sprott Physical Gold Trust has a 1 year low of $15.01 and a 1 year high of $20.96.

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.