Sprott Physical Gold and Silver Trust $CEF Shares Purchased by Belpointe Asset Management LLC

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 grew its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 742.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 102,055 shares of the company's stock after purchasing an additional 89,938 shares during the quarter. 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 quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. purchased a new position in Sprott Physical Gold and Silver Trust during the first quarter valued at $36,000. Coastline Trust Co raised its position in shares of Sprott Physical Gold and Silver Trust by 35.6% in the 1st quarter. Coastline Trust Co now owns 2,385 shares of the company's stock worth $68,000 after purchasing an additional 626 shares during the last quarter. Elequin Capital LP purchased a new position in shares of Sprott Physical Gold and Silver Trust in the 4th quarter worth about $168,000. Hemenway Trust Co LLC purchased a new position in shares of Sprott Physical Gold and Silver Trust in the 1st quarter worth about $203,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in shares of Sprott Physical Gold and Silver Trust in the 1st quarter worth about $209,000.

Sprott Physical Gold and Silver Trust Price Performance

NYSEAMERICAN CEF traded down $0.03 during trading hours on Tuesday, hitting $34.50. The company's stock had a trading volume of 321,570 shares, compared to its average volume of 634,311. The company's 50 day simple moving average is $31.57 and its two-hundred day simple moving average is $29.72. Sprott Physical Gold and Silver Trust has a 12 month low of $23.53 and a 12 month high of $34.73.

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.