Weiss Asset Management LP Purchases Shares of 1,739,500 Sprott Physical Gold and Silver Trust $CEF

Weiss Asset Management LP acquired a new stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) during the 1st quarter, Holdings Channel reports. The firm acquired 1,739,500 shares of the company’s stock, valued at approximately $83,009,000. Sprott Physical Gold and Silver Trust comprises approximately 1.4% of Weiss Asset Management LP’s portfolio, making the stock its 11th largest position.

A number of other hedge funds have also recently made changes to their positions in CEF. NewEdge Advisors LLC grew 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 purchasing an additional 744 shares in the last quarter. M&T Bank Corp bought a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter valued at approximately $220,000. Cerity Partners LLC lifted its holdings in 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 worth $610,000 after purchasing an additional 500 shares in the last quarter. Jane Street Group LLC lifted its holdings in 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 worth $16,734,000 after purchasing an additional 189,669 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Sprott Physical Gold and Silver Trust by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock worth $23,700,000 after purchasing an additional 158,687 shares during the period.

Sprott Physical Gold and Silver Trust Stock Up 0.5%

Shares of CEF opened at $40.16 on Friday. Sprott Physical Gold and Silver Trust has a 1 year low of $30.02 and a 1 year high of $61.38. The company has a 50 day simple moving average of $43.08 and a two-hundred day simple moving average of $47.86.

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.