Sprott Physical Gold and Silver Trust $CEF Position Boosted by IFP Advisors Inc

IFP Advisors Inc increased its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 84.2% during the third quarter, Holdings Channel reports. The firm owned 198,499 shares of the company’s stock after purchasing an additional 90,720 shares during the period. IFP Advisors Inc’s holdings in Sprott Physical Gold and Silver Trust were worth $7,283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CEF. Jupiter Asset Management Ltd. boosted its holdings in Sprott Physical Gold and Silver Trust by 29.7% during the third quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company’s stock worth $130,112,000 after buying an additional 812,697 shares in the last quarter. Jane Street Group LLC grew its position in Sprott Physical Gold and Silver Trust by 51.8% in the second quarter. Jane Street Group LLC now owns 555,963 shares of the company’s stock worth $16,734,000 after buying an additional 189,669 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in shares of Sprott Physical Gold and Silver Trust by 3.2% in the third quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock valued at $191,474,000 after buying an additional 159,812 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Sprott Physical Gold and Silver Trust by 25.2% in 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 in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter valued at $3,669,000.

Sprott Physical Gold and Silver Trust Price Performance

CEF opened at $48.82 on Thursday. The business has a fifty day simple moving average of $52.49 and a 200-day simple moving average of $44.03. Sprott Physical Gold and Silver Trust has a fifty-two week low of $26.01 and a fifty-two week 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.