Bank of America Corp DE Trims Holdings in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Bank of America reduced its CEF stake by 7.0% in the first quarter, selling 47,106 shares and retaining 630,204 shares valued at approximately $30.1 million.
• Institutional sentiment was mixed, with Jane Street Group and Ameriprise Financial increasing their holdings by 51.8% and 25.2%, respectively, while other investors made smaller adjustments.
• CEF shares opened at $44.53, between their 50-day moving average of $41.63 and 200-day moving average of $46.89; the trust provides direct exposure to physical gold and silver bullion.

Bank of America Corp DE trimmed its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 7.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 630,204 shares of the company's stock after selling 47,106 shares during the quarter. Bank of America Corp DE owned 0.29% of Sprott Physical Gold and Silver Trust worth $30,073,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. NewEdge Advisors LLC grew its position in shares of Sprott Physical Gold and Silver Trust by 10.5% during the 1st quarter. NewEdge Advisors LLC now owns 7,842 shares of the company's stock valued at $223,000 after purchasing an additional 744 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the second quarter worth $220,000. Cerity Partners LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 2.5% in the second quarter. Cerity Partners LLC now owns 20,281 shares of the company's stock worth $610,000 after buying an additional 500 shares in the last quarter. Jane Street Group LLC boosted its stake in Sprott Physical Gold and Silver Trust by 51.8% during the second quarter. Jane Street Group LLC now owns 555,963 shares of the company's stock valued at $16,734,000 after buying an additional 189,669 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Sprott Physical Gold and Silver Trust by 25.2% during 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 during the period.

Sprott Physical Gold and Silver Trust Stock Performance

Shares of NYSEAMERICAN CEF opened at $44.53 on Friday. The stock's 50-day simple moving average is $41.63 and its two-hundred day simple moving average is $46.89. Sprott Physical Gold and Silver Trust has a twelve month low of $30.58 and a twelve month 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.

Want to see what other hedge funds are holding CEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report).

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