Bleakley Financial Group LLC Decreases Stake in Sprott Physical Gold Trust $PHYS

Bleakley Financial Group LLC cut its holdings in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 6.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368,990 shares of the exchange traded fund’s stock after selling 150,051 shares during the period. Sprott Physical Gold Trust comprises about 1.6% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 11th biggest holding. Bleakley Financial Group LLC owned approximately 0.50% of Sprott Physical Gold Trust worth $70,169,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PHYS. CENTRAL TRUST Co grew its stake in Sprott Physical Gold Trust by 9.1% during the 3rd quarter. CENTRAL TRUST Co now owns 4,649,181 shares of the exchange traded fund’s stock valued at $137,709,000 after purchasing an additional 388,033 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Sprott Physical Gold Trust by 2.0% in the 2nd quarter. Pekin Hardy Strauss Inc. now owns 4,310,858 shares of the exchange traded fund’s stock valued at $109,280,000 after purchasing an additional 84,300 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Sprott Physical Gold Trust by 39.8% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,145,855 shares of the exchange traded fund’s stock valued at $92,913,000 after buying an additional 896,347 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Sprott Physical Gold Trust by 0.9% during the second quarter. Captrust Financial Advisors now owns 2,453,340 shares of the exchange traded fund’s stock worth $62,192,000 after buying an additional 22,778 shares in the last quarter. Finally, Matauro LLC increased its stake in shares of Sprott Physical Gold Trust by 2.2% in the third quarter. Matauro LLC now owns 2,064,346 shares of the exchange traded fund’s stock worth $61,146,000 after buying an additional 44,346 shares during the last quarter.

Sprott Physical Gold Trust Trading Up 2.2%

NYSEARCA PHYS opened at $38.66 on Friday. Sprott Physical Gold Trust has a 12 month low of $21.96 and a 12 month high of $42.07. The company’s fifty day moving average price is $35.80 and its two-hundred day moving average price is $31.68.

Sprott Physical Gold Trust Company 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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.