StoneX Group Inc. lessened its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 80.6% in the third quarter, HoldingsChannel reports. The firm 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 reporting period.
Several other institutional investors have also recently added to or reduced their stakes in CEF. Oppenheimer & Co. Inc. acquired a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $5,272,000. Robertson Stephens Wealth Management LLC grew its holdings in shares of Sprott Physical Gold and Silver Trust by 23.8% during the third quarter. Robertson Stephens Wealth Management LLC now owns 136,864 shares of the company’s stock worth $5,685,000 after buying an additional 26,348 shares in the last quarter. Titiun Yejiel purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the second quarter worth about $2,012,000. Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the first quarter worth about $83,009,000. Finally, IMC Chicago LLC acquired a new position in shares of Sprott Physical Gold and Silver Trust in the first quarter valued at approximately $165,346,000.
Sprott Physical Gold and Silver Trust Price Performance
NYSEAMERICAN: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.
Sprott Physical Gold and Silver Trust Company Profile
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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Want to see what other hedge funds are holding CEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report).
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