GWN Securities Inc. Cuts Stake in Sprott Physical Gold and Silver Trust $CEF

GWN Securities Inc. reduced its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 61.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,794 shares of the company’s stock after selling 138,790 shares during the quarter. GWN Securities Inc.’s holdings in Sprott Physical Gold and Silver Trust were worth $3,258,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in Sprott Physical Gold and Silver Trust during the 2nd quarter valued at about $114,726,000. Jupiter Asset Management Ltd. boosted its stake in shares of Sprott Physical Gold and Silver Trust by 15.2% during the second quarter. Jupiter Asset Management Ltd. now owns 2,738,737 shares of the company’s stock valued at $82,348,000 after purchasing an additional 360,777 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Sprott Physical Gold and Silver Trust by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock valued at $23,700,000 after buying an additional 158,687 shares during the period. 3EDGE Asset Management LP increased its holdings in Sprott Physical Gold and Silver Trust by 46.4% during the second quarter. 3EDGE Asset Management LP now owns 589,317 shares of the company’s stock valued at $17,568,000 after buying an additional 186,745 shares during the period. Finally, Beaumont Financial Advisors LLC raised its stake in Sprott Physical Gold and Silver Trust by 9.1% in the second quarter. Beaumont Financial Advisors LLC now owns 584,808 shares of the company’s stock worth $17,603,000 after buying an additional 49,015 shares in the last quarter.

Sprott Physical Gold and Silver Trust Stock Up 1.1%

Shares of NYSEAMERICAN CEF opened at $50.96 on Wednesday. Sprott Physical Gold and Silver Trust has a 12-month low of $24.51 and a 12-month high of $51.87. The stock’s fifty day simple moving average is $43.22 and its two-hundred day simple moving average is $37.06.

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.