Bleakley Financial Group LLC trimmed its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,851,346 shares of the company’s stock after selling 367,345 shares during the period. Sprott Physical Gold and Silver Trust comprises approximately 3.9% of Bleakley Financial Group LLC’s portfolio, making the stock its 2nd largest position. Bleakley Financial Group LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $222,192,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the business. North Forty Two & Co. boosted its position in Sprott Physical Gold and Silver Trust by 4.8% during the fourth quarter. North Forty Two & Co. now owns 13,100 shares of the company’s stock valued at $600,000 after buying an additional 600 shares during the period. Atticus Wealth Management LLC boosted its position in Sprott Physical Gold and Silver Trust by 53.5% during the fourth quarter. Atticus Wealth Management LLC now owns 12,190 shares of the company’s stock valued at $558,000 after buying an additional 4,251 shares during the period. Axxcess Wealth Management LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the fourth quarter valued at about $238,000. Global Retirement Partners LLC boosted its position in Sprott Physical Gold and Silver Trust by 60.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,400 shares of the company’s stock valued at $110,000 after buying an additional 900 shares during the period. Finally, IFP Advisors Inc boosted its position in Sprott Physical Gold and Silver Trust by 18.2% during the fourth quarter. IFP Advisors Inc now owns 234,680 shares of the company’s stock valued at $10,748,000 after buying an additional 36,181 shares during the period.
Sprott Physical Gold and Silver Trust Stock Performance
Sprott Physical Gold and Silver Trust stock opened at $47.33 on Tuesday. The firm has a 50-day moving average of $48.14 and a 200-day moving average of $47.83. Sprott Physical Gold and Silver Trust has a 1-year low of $28.83 and a 1-year high of $61.38.
About Sprott Physical Gold and Silver Trust
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.
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