Bleakley Financial Group LLC sold shares of Sprott Physical Gold Trust (NYSEARCA:PHYS) during the second quarter of 2026, according to a recent SEC filing. The firm reduced its holdings by approximately 1.2%, though the exact number of shares sold was not disclosed.
The Sprott Physical Gold Trust is a closed-end fund that invests primarily in physical gold bullion. As of mid-2026, the trust held over 1.5 million ounces of gold, with assets under management exceeding $3 billion. PHYS shares trade on the NYSE Arca under the ticker symbol PHYS.
Bleakley Financial Group, based in New York, manages assets for high-net-worth individuals and institutions. The sale aligns with a broader trend of institutional investors adjusting gold exposure amid fluctuating gold prices, which have ranged between $1,900 and $2,100 per ounce in 2026.
