Envestnet Asset Management Inc. Has $6.30 Million Holdings in Sprott Physical Gold and Silver Trust $CEF

Envestnet Asset Management Inc. cut its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 11.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,623 shares of the company’s stock after selling 22,278 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of Sprott Physical Gold and Silver Trust worth $6,297,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC increased its holdings in shares of Sprott Physical Gold and Silver Trust by 10.5% in the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock worth $223,000 after acquiring an additional 744 shares in the last quarter. CWM LLC increased its stake in Sprott Physical Gold and Silver Trust by 139.0% during the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock worth $29,000 after purchasing an additional 556 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter worth approximately $560,000. Focus Partners Advisor Solutions LLC bought a new position in Sprott Physical Gold and Silver Trust in the second quarter valued at approximately $322,000. Finally, Strait & Sound Wealth Management LLC acquired a new position in shares of Sprott Physical Gold and Silver Trust in the second quarter valued at approximately $236,000.

Sprott Physical Gold and Silver Trust Stock Up 4.9%

Shares of NYSEAMERICAN CEF opened at $53.00 on Friday. The company has a fifty day moving average price of $50.04 and a 200 day moving average price of $41.26. Sprott Physical Gold and Silver Trust has a 1-year low of $25.82 and a 1-year high of $61.38.

Sprott Physical Gold and Silver Trust 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.