IFP Advisors Inc Grows Position in Sprott Physical Gold and Silver Trust $CEF

IFP Advisors Inc increased its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 18.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 234,680 shares of the company’s stock after purchasing an additional 36,181 shares during the quarter. IFP Advisors Inc owned 0.11% of Sprott Physical Gold and Silver Trust worth $10,748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CEF. Bessemer Group Inc. acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter valued at $28,000. Assetmark Inc. increased its stake in shares of Sprott Physical Gold and Silver Trust by 602.5% in the third quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $31,000 after buying an additional 723 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the fourth quarter valued at approximately $46,000. Laurel Wealth Advisors LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the fourth quarter valued at approximately $78,000. Finally, Chapman Financial Group LLC bought a new position in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter worth about $84,000.

Sprott Physical Gold and Silver Trust Stock Performance

Sprott Physical Gold and Silver Trust stock opened at $46.70 on Wednesday. The firm’s 50-day moving average is $48.64 and its 200-day moving average is $47.54. Sprott Physical Gold and Silver Trust has a 1 year low of $28.53 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.