Sprott Physical Gold Trust (NYSEARCA:PHYS) Stock Position Decreased by Bleakley Financial Group LLC

Bleakley Financial Group LLC cut its stake in shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,892,685 shares of the exchange traded fund’s stock after selling 94,771 shares during the period. Sprott Physical Gold Trust makes up about 1.8% of Bleakley Financial Group LLC’s holdings, making the stock its 11th biggest position. Bleakley Financial Group LLC owned 0.73% of Sprott Physical Gold Trust worth $58,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Straight Path Wealth Management grew its position in Sprott Physical Gold Trust by 1.5% during the third quarter. Straight Path Wealth Management now owns 34,950 shares of the exchange traded fund’s stock valued at $712,000 after purchasing an additional 500 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its holdings in shares of Sprott Physical Gold Trust by 4.3% during the 4th quarter. Wealth Alliance Advisory Group LLC now owns 12,089 shares of the exchange traded fund’s stock valued at $243,000 after acquiring an additional 500 shares in the last quarter. Islay Capital Management LLC increased its stake in shares of Sprott Physical Gold Trust by 1.4% in the third quarter. Islay Capital Management LLC now owns 41,161 shares of the exchange traded fund’s stock worth $839,000 after acquiring an additional 550 shares during the last quarter. Avior Wealth Management LLC raised its holdings in shares of Sprott Physical Gold Trust by 12.0% during the fourth quarter. Avior Wealth Management LLC now owns 5,700 shares of the exchange traded fund’s stock worth $115,000 after acquiring an additional 610 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its position in Sprott Physical Gold Trust by 9.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,893 shares of the exchange traded fund’s stock valued at $140,000 after purchasing an additional 615 shares during the last quarter.

Sprott Physical Gold Trust Stock Up 0.8 %

Shares of PHYS stock opened at $22.20 on Thursday. Sprott Physical Gold Trust has a fifty-two week low of $15.31 and a fifty-two week high of $22.32. The stock’s 50-day moving average is $20.67 and its two-hundred day moving average is $20.23.

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.