Cornerstone Wealth Management LLC decreased its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 68.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,328 shares of the company’s stock after selling 28,575 shares during the period. Cornerstone Wealth Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the business. Oppenheimer & Co. Inc. bought a new position in Sprott Physical Gold and Silver Trust during the 3rd quarter worth $5,272,000. Robertson Stephens Wealth Management LLC lifted its stake in Sprott Physical Gold and Silver Trust by 23.8% in the third quarter. Robertson Stephens Wealth Management LLC now owns 136,864 shares of the company’s stock valued at $5,685,000 after buying an additional 26,348 shares during the last quarter. Titiun Yejiel bought a new stake in Sprott Physical Gold and Silver Trust in the second quarter valued at $2,012,000. Weiss Asset Management LP bought a new stake in Sprott Physical Gold and Silver Trust in the first quarter valued at $83,009,000. Finally, Readystate Asset Management LP acquired a new position in shares of Sprott Physical Gold and Silver Trust during the first quarter valued at $2,620,000.
Sprott Physical Gold and Silver Trust Stock Down 0.7%
CEF opened at $36.82 on Friday. The business’s 50 day moving average is $41.02 and its 200-day moving average is $45.26. Sprott Physical Gold and Silver Trust has a twelve month low of $36.57 and a twelve month high of $61.38.
Sprott Physical Gold and Silver Trust 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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