Cheviot Value Management LLC Increases Position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)

Key Points

• Cheviot Value Management LLC increased its stake in the Sprott Physical Gold and Silver Trust by 2.7%, owning 735,474 shares, which amounts to approximately 0.34% of the trust valued at $21.5 million.
• In addition to Cheviot, several other institutional investors have also modified their holdings in the Sprott Physical Gold and Silver Trust, including Coastline Trust Co, which grew its holdings by 35.6% in the first quarter.
• The Sprott Physical Gold and Silver Trust stock has recently traded up 1.8%, opening at $30.67 with a 52-week range of $21.70 to $31.80.

Cheviot Value Management LLC grew its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,474 shares of the company's stock after acquiring an additional 19,667 shares during the period. Sprott Physical Gold and Silver Trust comprises approximately 2.6% of Cheviot Value Management LLC's holdings, making the stock its 12th largest position. Cheviot Value Management LLC owned about 0.34% of Sprott Physical Gold and Silver Trust worth $21,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Sprott Physical Gold and Silver Trust by 128.1% in the fourth quarter. JPMorgan Chase & Co. now owns 428,822 shares of the company's stock worth $10,189,000 after purchasing an additional 240,865 shares during the last quarter. Summit Financial LLC bought a new stake in shares of Sprott Physical Gold and Silver Trust in the 4th quarter worth about $202,000. Cerity Partners LLC bought a new position in shares of Sprott Physical Gold and Silver Trust in the 4th quarter valued at about $485,000. Advisory Services Network LLC raised its position in Sprott Physical Gold and Silver Trust by 3.0% during the fourth quarter. Advisory Services Network LLC now owns 26,497 shares of the company's stock valued at $630,000 after purchasing an additional 767 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Sprott Physical Gold and Silver Trust during the 4th quarter valued at approximately $28,089,000.

Sprott Physical Gold and Silver Trust Price Performance

Shares of CEF traded up $0.25 during mid-day trading on Thursday, hitting $31.35. The company's stock had a trading volume of 394,847 shares, compared to its average volume of 629,100. Sprott Physical Gold and Silver Trust has a 52-week low of $21.96 and a 52-week high of $31.80. The company's 50-day moving average is $30.52 and its 200-day moving average is $28.15.

About Sprott Physical Gold and Silver Trust

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.