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

Bleakley Financial Group LLC trimmed its holdings in Sprott Physical Gold Trust (NYSEARCA:PHYS) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,281,247 shares of the exchange traded fund’s stock after selling 87,743 shares during the period. Sprott Physical Gold Trust accounts for 1.3% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 16th largest holding. Bleakley Financial Group LLC’s holdings in Sprott Physical Gold Trust were worth $75,327,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $33,000. Financial Management Professionals Inc. acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $36,000. Eastern Bank acquired a new stake in Sprott Physical Gold Trust in the 4th quarter valued at about $47,000. Strategic Advocates LLC acquired a new stake in shares of Sprott Physical Gold Trust during the 3rd quarter worth about $51,000. Finally, Legacy Wealth Managment LLC ID boosted its stake in shares of Sprott Physical Gold Trust by 49.3% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 2,162 shares of the exchange traded fund’s stock worth $71,000 after purchasing an additional 714 shares during the last quarter.

Sprott Physical Gold Trust Price Performance

Sprott Physical Gold Trust stock opened at $34.11 on Tuesday. Sprott Physical Gold Trust has a 12-month low of $24.86 and a 12-month high of $42.07. The firm’s 50-day moving average is $35.34 and its two-hundred day moving average is $35.17.

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.