Belpointe Asset Management LLC Purchases 89,938 Shares of Sprott Physical Gold and Silver Trust $CEF

Key Points

• Belpointe Asset Management LLC significantly increased its holdings in Sprott Physical Gold and Silver Trust by 742.2%, purchasing 89,938 additional shares in the first quarter.
• Multiple other hedge funds also bolstered their positions in the trust, with Arkadios Wealth Advisors investing approximately $7.4 million in a new position.
• Sprott Physical Gold and Silver Trust's share price has fluctuated between a 52-week low of $22.94 and a high of $34.07, currently opening at $33.88.

Belpointe Asset Management LLC increased its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 742.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,055 shares of the company's stock after purchasing an additional 89,938 shares during the period. Belpointe Asset Management LLC's holdings in Sprott Physical Gold and Silver Trust were worth $2,899,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Arkadios Wealth Advisors bought a new position in Sprott Physical Gold and Silver Trust in the 1st quarter worth about $7,436,000. GAMMA Investing LLC raised its position in Sprott Physical Gold and Silver Trust by 2,741.0% in the 1st quarter. GAMMA Investing LLC now owns 56,820 shares of the company's stock worth $1,614,000 after buying an additional 54,820 shares during the last quarter. Simplicity Wealth LLC raised its position in Sprott Physical Gold and Silver Trust by 95.1% in the 1st quarter. Simplicity Wealth LLC now owns 93,006 shares of the company's stock worth $2,642,000 after buying an additional 45,346 shares during the last quarter. Petra Financial Advisors Inc. purchased a new position in Sprott Physical Gold and Silver Trust in the 1st quarter worth about $275,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Sprott Physical Gold and Silver Trust by 47.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,738 shares of the company's stock worth $6,044,000 after buying an additional 68,609 shares during the last quarter.

Sprott Physical Gold and Silver Trust Price Performance

Shares of NYSEAMERICAN:CEF opened at $33.88 on Thursday. Sprott Physical Gold and Silver Trust has a fifty-two week low of $22.94 and a fifty-two week high of $34.07. The business has a 50-day simple moving average of $31.35 and a two-hundred day simple moving average of $29.53.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold & Silver Trust operates as a closed-ended investment fund/investment trust. The company was founded on October 26, 2017 and is headquartered in Toronto, Canada.

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