Sprott Physical Gold and Silver Trust $CEF Shares Sold by Cheviot Value Management LLC

Cheviot Value Management LLC decreased its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 13.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 626,340 shares of the company’s stock after selling 100,603 shares during the quarter. Sprott Physical Gold and Silver Trust comprises about 3.0% of Cheviot Value Management LLC’s holdings, making the stock its 9th biggest position. Cheviot Value Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $28,686,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Concurrent Investment Advisors LLC boosted its position in shares of Sprott Physical Gold and Silver Trust by 62.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 113,832 shares of the company’s stock valued at $4,176,000 after acquiring an additional 43,852 shares during the last quarter. Bleakley Financial Group LLC increased its position in Sprott Physical Gold and Silver Trust by 3.2% during the third quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock worth $191,474,000 after purchasing an additional 159,812 shares during the last quarter. TIAA Trust National Association increased its position in Sprott Physical Gold and Silver Trust by 10.5% during the third quarter. TIAA Trust National Association now owns 400,125 shares of the company’s stock worth $14,681,000 after purchasing an additional 38,090 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in Sprott Physical Gold and Silver Trust during the third quarter worth about $3,669,000. Finally, Jones Financial Companies Lllp raised its stake in Sprott Physical Gold and Silver Trust by 32.7% during the third quarter. Jones Financial Companies Lllp now owns 140,501 shares of the company’s stock worth $5,041,000 after purchasing an additional 34,661 shares during the period.

Sprott Physical Gold and Silver Trust Trading Up 1.2%

CEF opened at $50.32 on Friday. Sprott Physical Gold and Silver Trust has a one year low of $28.01 and a one year high of $61.38. The business’s 50 day moving average price is $49.29 and its 200 day moving average price is $46.86.

Sprott Physical Gold and Silver Trust Profile

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.