Coastline Trust Co lessened its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 25.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,390 shares of the company’s stock after selling 21,968 shares during the quarter. Coastline Trust Co’s holdings in Sprott Physical Gold and Silver Trust were worth $2,675,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in CEF. IMC Chicago LLC bought a new stake in Sprott Physical Gold and Silver Trust in the first quarter worth approximately $165,346,000. Weiss Asset Management LP bought a new position in shares of Sprott Physical Gold and Silver Trust during the 1st quarter valued at $83,009,000. Ancora Advisors LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter valued at $3,854,000. Rothschild Wealth LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 4th quarter valued at $4,241,000. Finally, Asset One Wealth Management LLC bought a new stake in Sprott Physical Gold and Silver Trust in the fourth quarter worth $3,224,000.
Sprott Physical Gold and Silver Trust Trading Up 0.2%
Sprott Physical Gold and Silver Trust stock traded up $0.08 during mid-day trading on Thursday, hitting $41.62. 196,255 shares of the company’s stock were exchanged, compared to its average volume of 1,012,986. Sprott Physical Gold and Silver Trust has a 1-year low of $36.16 and a 1-year high of $61.38. The stock has a 50 day moving average of $43.73 and a two-hundred day moving average of $44.95.
Sprott Physical Gold and Silver Trust Profile
Sprott Physical Gold and Silver Trust is a closed-end precious-metals trust that seeks to provide investors with exposure to physical gold and silver bullion. The trust holds substantially all of its assets in bullion rather than in mining companies, futures contracts, or other financial instruments, giving investors a way to participate directly in the potential long-term value of precious metals.
The trust’s holdings consist of allocated and segregated gold and silver bullion stored with a custodian.
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