Sprott Physical Gold Trust $PHYS Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC trimmed its position in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 2.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 2,219,816 shares of the exchange traded fund’s stock after selling 61,431 shares during the period. Sprott Physical Gold Trust makes up approximately 1.2% of Bleakley Financial Group LLC’s portfolio, making the stock its 16th largest holding. Bleakley Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $78,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Heritage Wealth Advisors purchased a new position in Sprott Physical Gold Trust during the 4th quarter worth $169,676,000. CENTRAL TRUST Co lifted its stake in shares of Sprott Physical Gold Trust by 26.3% in the 1st quarter. CENTRAL TRUST Co now owns 5,542,655 shares of the exchange traded fund’s stock worth $196,432,000 after acquiring an additional 1,154,326 shares during the period. 3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Gold Trust in the fourth quarter valued at about $31,652,000. Royal Bank of Canada boosted its holdings in shares of Sprott Physical Gold Trust by 8.2% in the fourth quarter. Royal Bank of Canada now owns 9,516,053 shares of the exchange traded fund’s stock valued at $314,220,000 after acquiring an additional 724,321 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Sprott Physical Gold Trust by 65.8% during the second quarter. Jane Street Group LLC now owns 1,618,276 shares of the exchange traded fund’s stock worth $41,023,000 after acquiring an additional 642,224 shares during the period.

Sprott Physical Gold Trust Trading Down 2.7%

Shares of Sprott Physical Gold Trust stock opened at $30.16 on Tuesday. Sprott Physical Gold Trust has a 52-week low of $25.00 and a 52-week high of $42.07. The company’s 50-day simple moving average is $32.78 and its 200-day simple moving average is $35.14.

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. The company was founded on August 28, 2009 and is headquartered in Toronto, Canada.