Bleakley Financial Group LLC cut its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 13.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,192,955 shares of the company’s stock after selling 658,391 shares during the period. Sprott Physical Gold and Silver Trust makes up approximately 3.1% of Bleakley Financial Group LLC’s holdings, making the stock its 2nd largest holding. Bleakley Financial Group LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $200,088,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of CEF. NewEdge Advisors LLC increased its position in shares of Sprott Physical Gold and Silver Trust by 10.5% during the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock worth $223,000 after acquiring an additional 744 shares during the last quarter. M&T Bank Corp purchased a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter worth approximately $220,000. Cerity Partners LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 2.5% in the 2nd quarter. Cerity Partners LLC now owns 20,281 shares of the company’s stock valued at $610,000 after purchasing an additional 500 shares in the last quarter. Jane Street Group LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 51.8% in the 2nd quarter. Jane Street Group LLC now owns 555,963 shares of the company’s stock valued at $16,734,000 after purchasing an additional 189,669 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Sprott Physical Gold and Silver Trust by 25.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock valued at $23,700,000 after buying an additional 158,687 shares during the last quarter.
Sprott Physical Gold and Silver Trust Price Performance
CEF stock opened at $39.74 on Tuesday. The firm has a 50 day simple moving average of $44.88 and a 200-day simple moving average of $48.30. Sprott Physical Gold and Silver Trust has a twelve month low of $30.02 and a twelve month high of $61.38.
About Sprott Physical Gold and Silver Trust
The Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) is a closed-end investment trust that provides investors with direct exposure to physical gold and silver bullion. Established in 2019 and sponsored by Sprott Asset Management, the trust holds allocated London Good Delivery gold bars and London Silver Fix silver bars in secure vaults, offering a transparent alternative to traditional equity- or futures-based precious metals vehicles. Each trust unit represents a proportional interest in the bullion holdings, and investors gain ownership of the underlying metal without assuming the logistics of purchase, storage, or insurance.
To maintain its inventory, the trust purchases bullion through approved bullion dealers and London bullion market participants.
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