Nalls Sherbakoff Group LLC purchased a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 55,961 shares of the company’s stock, valued at approximately $2,563,000. Sprott Physical Gold and Silver Trust comprises about 1.8% of Nalls Sherbakoff Group LLC’s investment portfolio, making the stock its 9th biggest position.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bleakley Financial Group LLC boosted its holdings in shares of Sprott Physical Gold and Silver Trust by 3.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock valued at $191,474,000 after buying an additional 159,812 shares during the last quarter. TIAA Trust National Association increased its holdings 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 buying an additional 38,090 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sprott Physical Gold and Silver Trust by 13.1% during the third quarter. JPMorgan Chase & Co. now owns 528,754 shares of the company’s stock worth $19,400,000 after buying an additional 61,063 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in Sprott Physical Gold and Silver Trust by 79.9% during the fourth quarter. Concurrent Investment Advisors LLC now owns 204,833 shares of the company’s stock worth $9,381,000 after acquiring an additional 91,001 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its position in Sprott Physical Gold and Silver Trust by 29.7% during the third quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company’s stock worth $130,112,000 after acquiring an additional 812,697 shares in the last quarter.
Sprott Physical Gold and Silver Trust Stock Performance
Shares of CEF stock opened at $43.29 on Friday. The company has a fifty day moving average price of $47.41 and a two-hundred day moving average price of $48.57. Sprott Physical Gold and Silver Trust has a one year low of $29.69 and a one year high of $61.38.
Sprott Physical Gold and Silver Trust Company 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.
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