Royal Bank of Canada Trims Stock Holdings in Sprott Physical Gold and Silver Trust $CEF

Royal Bank of Canada lowered its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 11.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,315,950 shares of the company’s stock after selling 416,156 shares during the quarter. Royal Bank of Canada’s holdings in Sprott Physical Gold and Silver Trust were worth $158,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Morgan Stanley increased its holdings in Sprott Physical Gold and Silver Trust by 9.8% in the 4th quarter. Morgan Stanley now owns 5,627,038 shares of the company’s stock worth $257,718,000 after acquiring an additional 499,996 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Sprott Physical Gold and Silver Trust by 1.5% during the fourth quarter. Jupiter Asset Management Ltd. now owns 3,604,249 shares of the company’s stock valued at $164,822,000 after purchasing an additional 52,815 shares in the last quarter. IMC Chicago LLC purchased a new position in Sprott Physical Gold and Silver Trust during the first quarter valued at approximately $165,346,000. Weiss Asset Management LP purchased a new position in Sprott Physical Gold and Silver Trust during the first quarter valued at approximately $83,009,000. Finally, Raymond James Financial Inc. boosted its position in shares of Sprott Physical Gold and Silver Trust by 6.9% in the third quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company’s stock worth $41,449,000 after purchasing an additional 73,201 shares during the period.

Sprott Physical Gold and Silver Trust Price Performance

Shares of NYSEAMERICAN CEF opened at $40.87 on Friday. The firm has a fifty day moving average price of $42.49 and a 200-day moving average price of $47.62. Sprott Physical Gold and Silver Trust has a 1 year low of $30.09 and a 1 year high of $61.38.

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.