Sprott Physical Gold and Silver Trust $CEF Shares Sold by Cadence Wealth Management LLC

Cadence Wealth Management LLC lessened its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 11.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 234,513 shares of the company’s stock after selling 31,178 shares during the quarter. Sprott Physical Gold and Silver Trust comprises 5.2% of Cadence Wealth Management LLC’s holdings, making the stock its 6th largest holding. Cadence Wealth Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $10,741,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Sprott Physical Gold and Silver Trust during the 3rd quarter worth $28,000. Assetmark Inc. grew its holdings in Sprott Physical Gold and Silver Trust by 602.5% during the 3rd quarter. Assetmark Inc. now owns 843 shares of the company’s stock worth $31,000 after acquiring an additional 723 shares during the period. Halbert Hargrove Global Advisors LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the 4th quarter worth $46,000. Laurel Wealth Advisors LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the 4th quarter worth $78,000. Finally, Farther Finance Advisors LLC grew its holdings in Sprott Physical Gold and Silver Trust by 843.9% during the 4th quarter. Farther Finance Advisors LLC now owns 2,086 shares of the company’s stock worth $96,000 after acquiring an additional 1,865 shares during the period.

Sprott Physical Gold and Silver Trust Stock Down 1.3%

CEF opened at $47.33 on Friday. The company has a fifty day moving average price of $48.25 and a two-hundred day moving average price of $47.68. Sprott Physical Gold and Silver Trust has a 52 week low of $28.83 and a 52 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.