Ethic Inc. acquired a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,363 shares of the company’s stock, valued at approximately $1,344,000.
Several other institutional investors also recently modified their holdings of the stock. Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the 1st quarter valued at $83,009,000. Pekin Hardy Strauss Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the third quarter valued at about $7,128,000. Commonwealth Equity Services LLC bought a new stake in Sprott Physical Gold and Silver Trust during the third quarter worth about $6,701,000. Oppenheimer & Co. Inc. bought a new stake in Sprott Physical Gold and Silver Trust during the third quarter worth about $5,272,000. Finally, Ancora Advisors LLC bought a new stake in Sprott Physical Gold and Silver Trust during the second quarter worth about $3,854,000.
Sprott Physical Gold and Silver Trust Stock Performance
Shares of CEF opened at $36.82 on Friday. The firm has a 50 day moving average price of $41.02 and a 200-day moving average price of $45.26. Sprott Physical Gold and Silver Trust has a fifty-two week low of $36.57 and a fifty-two week high of $61.38.
Sprott Physical Gold and Silver Trust Profile
Sprott Physical Gold and Silver Trust is a closed-end investment trust that provides investors with exposure to physical gold and silver. Rather than operating a conventional business, the trust holds bullion on behalf of its unitholders. The trust invests primarily in unencumbered, fully allocated gold and silver bullion. Its holdings are stored at the Royal Canadian Mint, and its units are listed on the NYSE American and the Toronto Stock Exchange. The trust traces its origins to Central Fund of Canada, which Sprott acquired in 2017 before reorganizing it as Sprott Physical Gold and Silver Trust.
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