Bleakley Financial Group LLC cut its stake in Sprott Physical Gold Trust (NYSEARCA:PHYS – Free Report) by 20.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,987,456 shares of the exchange traded fund’s stock after selling 757,844 shares during the period. Sprott Physical Gold Trust accounts for approximately 1.9% of Bleakley Financial Group LLC’s investment portfolio, making the stock its 10th largest holding. Bleakley Financial Group LLC owned 0.75% of Sprott Physical Gold Trust worth $60,884,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Sprott Physical Gold Trust in the second quarter worth $36,000. Sunbelt Securities Inc. bought a new position in shares of Sprott Physical Gold Trust in the second quarter worth $51,000. 1620 Investment Advisors Inc. bought a new position in shares of Sprott Physical Gold Trust in the second quarter worth $55,000. Evermay Wealth Management LLC grew its stake in shares of Sprott Physical Gold Trust by 567.7% in the first quarter. Evermay Wealth Management LLC now owns 3,906 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 3,321 shares in the last quarter. Finally, St. Johns Investment Management Company LLC bought a new position in shares of Sprott Physical Gold Trust in the first quarter worth $104,000.
Sprott Physical Gold Trust Price Performance
NYSEARCA:PHYS opened at $20.92 on Friday. Sprott Physical Gold Trust has a 1 year low of $15.01 and a 1 year high of $20.96. The business has a fifty day moving average of $19.94 and a 200-day moving average of $18.86.
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.
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