Tcfg Wealth Management LLC decreased its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 59.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,525 shares of the company’s stock after selling 17,100 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $423,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC lifted its holdings in Sprott Physical Gold and Silver Trust by 3.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock worth $191,474,000 after buying an additional 159,812 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of 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 during the period. Raymond James Financial Inc. increased its position in shares of Sprott Physical Gold and Silver Trust by 6.9% during the third quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company’s stock worth $41,449,000 after acquiring an additional 73,201 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Sprott Physical Gold and Silver Trust by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock valued at $23,700,000 after acquiring an additional 158,687 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Sprott Physical Gold and Silver Trust by 0.8% in the third quarter. Bank of America Corp DE now owns 693,257 shares of the company’s stock valued at $25,436,000 after purchasing an additional 5,506 shares during the period.
Sprott Physical Gold and Silver Trust Trading Down 4.6%
NYSEAMERICAN:CEF opened at $46.56 on Friday. Sprott Physical Gold and Silver Trust has a 12-month low of $26.01 and a 12-month high of $61.38. The stock has a fifty day moving average price of $52.46 and a 200 day moving average price of $44.05.
About Sprott Physical Gold and Silver Trust
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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