Sprott Physical Gold and Silver Trust $CEF Position Lessened by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 11.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 157,927 shares of the company’s stock after selling 20,120 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $6,560,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the first quarter valued at $165,346,000. Weiss Asset Management LP purchased a new position in Sprott Physical Gold and Silver Trust in the first quarter valued at $83,009,000. Ancora Advisors LLC purchased a new position in Sprott Physical Gold and Silver Trust in the second quarter valued at $3,854,000. Readystate Asset Management LP acquired a new position in shares of Sprott Physical Gold and Silver Trust in the first quarter worth about $2,620,000. Finally, Titiun Yejiel acquired a new position in shares of Sprott Physical Gold and Silver Trust in the second quarter worth about $2,012,000.

Sprott Physical Gold and Silver Trust Trading Up 0.2%

Shares of Sprott Physical Gold and Silver Trust stock opened at $38.75 on Tuesday. The firm has a 50-day simple moving average of $43.16 and a two-hundred day simple moving average of $46.29. Sprott Physical Gold and Silver Trust has a fifty-two week low of $36.16 and a fifty-two week high of $61.38.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold and Silver Trust is a closed-end precious metals investment trust managed by Sprott Asset Management LP. The trust seeks to provide investors with exposure to physical gold and silver bullion rather than operating businesses or investing primarily in mining companies, futures contracts or other financial derivatives.

The trust’s assets consist principally of fully allocated, physical gold and silver bullion. The bullion is held in custody and is intended to remain unencumbered, giving investors an interest in precious metals held on the trust’s behalf.