Bleakley Financial Group LLC Cuts Position in Sprott Physical Gold Trust $PHYS

Bleakley Financial Group LLC decreased its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,219,816 shares of the exchange traded fund’s stock after selling 61,431 shares during the quarter. Sprott Physical Gold Trust accounts for about 1.2% of Bleakley Financial Group LLC’s holdings, making the stock its 16th biggest holding. Bleakley Financial Group LLC owned 0.47% of Sprott Physical Gold Trust worth $78,670,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Enclave Advisors LLC acquired a new position in Sprott Physical Gold Trust in the fourth quarter valued at $3,022,000. BCS Wealth Management grew its holdings in shares of Sprott Physical Gold Trust by 99.1% during the fourth quarter. BCS Wealth Management now owns 55,738 shares of the exchange traded fund’s stock worth $1,840,000 after purchasing an additional 27,744 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Gold Trust during the fourth quarter worth about $540,000. Brookwood Investment Group LLC increased its position in shares of Sprott Physical Gold Trust by 47.4% during the fourth quarter. Brookwood Investment Group LLC now owns 59,805 shares of the exchange traded fund’s stock worth $1,975,000 after purchasing an additional 19,237 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its position in shares of Sprott Physical Gold Trust by 4.3% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 696,431 shares of the exchange traded fund’s stock worth $22,996,000 after purchasing an additional 28,702 shares in the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $30.16 on Tuesday. Sprott Physical Gold Trust has a fifty-two week low of $25.00 and a fifty-two week high of $42.07. The stock has a 50-day simple moving average of $32.78 and a 200-day simple moving average of $35.14.

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.