CIBC Private Wealth Group LLC Has $1.21 Million Holdings in Sprott Physical Gold and Silver Trust $CEF

Key Points

• CIBC Private Wealth Group LLC cut its stake in Sprott Physical Gold and Silver Trust by 49.3% in the third quarter, selling 32,182 shares and leaving it with 33,059 shares valued at about $1.21 million.
• Sprott Physical Gold and Silver Trust (CEF) shares opened at $44.32 and were down 4.8%, trading below the 50-day moving average ($52.37) but near the 200-day average ($44.29), with a 12-month range of $26.01–$61.38.
• The trust, sponsored by Sprott Asset Management and launched in 2019, offers investors direct exposure to physical gold and silver bullion (allocated London Good Delivery bars) without the logistics of purchase, storage, or insurance.

CIBC Private Wealth Group LLC lessened its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 49.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,059 shares of the company's stock after selling 32,182 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Sprott Physical Gold and Silver Trust were worth $1,213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the third quarter valued at about $28,000. Assetmark Inc. lifted its position in shares of Sprott Physical Gold and Silver Trust by 602.5% during the 3rd quarter. Assetmark Inc. now owns 843 shares of the company's stock worth $31,000 after purchasing an additional 723 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $65,000. GAMMA Investing LLC boosted its stake in Sprott Physical Gold and Silver Trust by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,671 shares of the company's stock valued at $98,000 after purchasing an additional 671 shares during the period. Finally, Chapman Financial Group LLC bought a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter valued at approximately $84,000.

Sprott Physical Gold and Silver Trust Stock Down 4.8%

CEF opened at $44.32 on Monday. The stock's 50 day moving average price is $52.37 and its two-hundred day moving average price is $44.29. Sprott Physical Gold and Silver Trust has a 12-month low of $26.01 and a 12-month high of $61.38.

Sprott Physical Gold and Silver Trust Company Profile

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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