StoneX Group Inc. lessened its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 80.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,576 shares of the company’s stock after selling 160,081 shares during the quarter. StoneX Group Inc.’s holdings in Sprott Physical Gold and Silver Trust were worth $1,602,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. IMC Chicago LLC purchased a new position in Sprott Physical Gold and Silver Trust during the 1st quarter valued at about $165,346,000. Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the first quarter valued at about $83,009,000. Kestra Advisory Services LLC lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 1.6% in the first quarter. Kestra Advisory Services LLC now owns 213,694 shares of the company’s stock valued at $10,197,000 after purchasing an additional 3,351 shares in the last quarter. PYA Waltman Capital LLC grew its position in shares of Sprott Physical Gold and Silver Trust by 7.1% in the second quarter. PYA Waltman Capital LLC now owns 204,820 shares of the company’s stock valued at $8,240,000 after purchasing an additional 13,550 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Sprott Physical Gold and Silver Trust by 3.6% in the third quarter. IFP Advisors Inc now owns 202,948 shares of the company’s stock valued at $8,430,000 after purchasing an additional 7,134 shares during the last quarter.
Sprott Physical Gold and Silver Trust Price Performance
Shares of CEF opened at $39.64 on Tuesday. The firm has a 50 day simple moving average of $41.61 and a 200-day simple moving average of $45.66. Sprott Physical Gold and Silver Trust has a 1-year low of $36.57 and a 1-year high of $61.38.
About Sprott Physical Gold and Silver Trust
Sprott Physical Gold and Silver Trust is a closed-end investment trust that provides investors with exposure to physical gold and silver. Rather than operating a conventional business, the trust holds bullion on behalf of its unitholders.
The trust invests primarily in unencumbered, fully allocated gold and silver bullion. Its holdings are stored at the Royal Canadian Mint, and its units are listed on the NYSE American and the Toronto Stock Exchange.
The trust traces its origins to Central Fund of Canada, which Sprott acquired in 2017 before reorganizing it as Sprott Physical Gold and Silver Trust.
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