Tcfg Wealth Management LLC Decreases Stock Holdings in Sprott Physical Gold and Silver Trust $CEF

Tcfg Wealth Management LLC lowered its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 59.7% in the third quarter, HoldingsChannel.com reports. 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $28,000. Assetmark Inc. raised its position in shares of Sprott Physical Gold and Silver Trust by 602.5% during the 3rd quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $31,000 after acquiring an additional 723 shares in the last quarter. Private Trust Co. NA purchased a new stake in Sprott Physical Gold and Silver Trust during the third quarter worth approximately $65,000. Chapman Financial Group LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the second quarter worth approximately $84,000. Finally, GAMMA Investing LLC boosted its holdings in Sprott Physical Gold and Silver Trust by 33.6% in the third quarter. GAMMA Investing LLC now owns 2,671 shares of the company’s stock valued at $98,000 after purchasing an additional 671 shares in the last quarter.

Sprott Physical Gold and Silver Trust Price Performance

CEF stock opened at $46.56 on Friday. Sprott Physical Gold and Silver Trust has a twelve month low of $26.01 and a twelve month high of $61.38. The company’s 50 day moving average is $52.46 and its two-hundred day moving average is $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.