Oppenheimer & Co. Inc. acquired a new stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 126,923 shares of the company’s stock, valued at approximately $5,272,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CEF. Markowski Investments purchased a new position in Sprott Physical Gold and Silver Trust during the second quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Sprott Physical Gold and Silver Trust in the third quarter worth $42,000. Ameritas Advisory Services LLC bought a new stake in Sprott Physical Gold and Silver Trust in the second quarter worth $46,000. Sound Income Strategies LLC grew its stake in shares of Sprott Physical Gold and Silver Trust by 93.7% in the first quarter. Sound Income Strategies LLC now owns 1,439 shares of the company’s stock worth $70,000 after acquiring an additional 696 shares during the last quarter. Finally, Contravisory Investment Management Inc. grew its stake in shares of Sprott Physical Gold and Silver Trust by 27.6% in the second quarter. Contravisory Investment Management Inc. now owns 1,986 shares of the company’s stock worth $80,000 after acquiring an additional 430 shares during the last quarter.
Sprott Physical Gold and Silver Trust Stock Performance
Shares of NYSEAMERICAN:CEF opened at $38.40 on Friday. Sprott Physical Gold and Silver Trust has a 1-year low of $36.33 and a 1-year high of $61.38. The business has a fifty day moving average price of $42.81 and a 200-day moving average price of $46.14.
Sprott Physical Gold and Silver Trust 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.
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