Cibc World Market Inc. Raises Position in Sprott Physical Gold and Silver Trust $CEF

Cibc World Market Inc. increased its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 632,048 shares of the company’s stock after purchasing an additional 18,510 shares during the quarter. Cibc World Market Inc. owned approximately 0.29% of Sprott Physical Gold and Silver Trust worth $23,190,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CEF. Bessemer Group Inc. bought a new stake in shares of Sprott Physical Gold and Silver Trust in the third quarter valued at $28,000. CWM LLC increased its holdings in Sprott Physical Gold and Silver Trust by 139.0% in the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock worth $29,000 after acquiring an additional 556 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Sprott Physical Gold and Silver Trust in the 2nd quarter valued at about $42,000. Advantage Trust Co lifted its holdings in Sprott Physical Gold and Silver Trust by 28.6% during the second quarter. Advantage Trust Co now owns 1,800 shares of the company’s stock valued at $54,000 after purchasing an additional 400 shares during the last quarter. Finally, Private Trust Co. NA purchased a new stake in Sprott Physical Gold and Silver Trust during the third quarter valued at about $65,000.

Sprott Physical Gold and Silver Trust Trading Up 2.8%

CEF opened at $53.02 on Thursday. The firm has a 50-day moving average price of $48.95 and a 200-day moving average price of $40.30. Sprott Physical Gold and Silver Trust has a twelve month low of $25.82 and a twelve month high of $61.38.

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.