3EDGE Asset Management LP Buys Shares of 556,287 Sprott Physical Gold and Silver Trust $CEF

3EDGE Asset Management LP bought a new position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) during the 4th quarter, Holdings Channel.com reports. The firm bought 556,287 shares of the company’s stock, valued at approximately $26,268,000. Sprott Physical Gold and Silver Trust accounts for about 1.4% of 3EDGE Asset Management LP’s portfolio, making the stock its 25th largest holding.

Several other hedge funds also recently made changes to their positions in CEF. Bessemer Group Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the 3rd quarter valued at $28,000. Assetmark Inc. increased its position in shares of Sprott Physical Gold and Silver Trust by 602.5% in the third quarter. Assetmark Inc. now owns 843 shares of the company’s stock valued at $31,000 after acquiring an additional 723 shares during the period. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Sprott Physical Gold and Silver Trust in the fourth quarter valued at about $46,000. Laurel Wealth Advisors LLC bought a new position in shares of Sprott Physical Gold and Silver Trust during the fourth quarter valued at about $78,000. Finally, Chapman Financial Group LLC purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the second quarter worth about $84,000.

Sprott Physical Gold and Silver Trust Price Performance

NYSEAMERICAN CEF opened at $46.70 on Wednesday. Sprott Physical Gold and Silver Trust has a 1 year low of $28.53 and a 1 year high of $61.38. The business’s 50-day moving average is $48.64 and its 200 day moving average is $47.54.

Sprott Physical Gold and Silver Trust Company Profile

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.