Ancora Advisors LLC bought a new position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 95,794 shares of the company's stock, valued at approximately $3,854,000.
Several other hedge funds have also recently modified their holdings of CEF. Titiun Yejiel bought a new position in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter valued at approximately $2,012,000. Contravisory Investment Management Inc. lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 27.6% in the second quarter. Contravisory Investment Management Inc. now owns 1,986 shares of the company's stock worth $80,000 after buying an additional 430 shares in the last quarter. Sax Wealth Advisors LLC boosted its position in shares of Sprott Physical Gold and Silver Trust by 37.9% in the second quarter. Sax Wealth Advisors LLC now owns 6,801 shares of the company's stock valued at $274,000 after acquiring an additional 1,870 shares during the period. VectorGlobal IAG Inc. purchased a new position in Sprott Physical Gold and Silver Trust during the first quarter valued at approximately $213,000. Finally, Western Wealth Management LLC purchased a new position in Sprott Physical Gold and Silver Trust during the first quarter valued at approximately $204,000.
Sprott Physical Gold and Silver Trust Trading Down 1.6%
Shares of CEF stock opened at $46.86 on Thursday. Sprott Physical Gold and Silver Trust has a 52-week low of $31.24 and a 52-week high of $61.38. The business's fifty day moving average is $42.04 and its 200 day moving average is $46.43.
Sprott Physical Gold and Silver Trust Profile
(
Free Report)
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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