Corient Private Wealth LP Sells 24,388 Shares of Sprott Physical Gold and Silver Trust $CEF

Key Points

• Corient Private Wealth LP cut its Sprott Physical Gold and Silver Trust stake by 45.3% during the second quarter, selling 24,388 shares and retaining 29,470 shares valued at approximately $1.19 million.
• Several other institutional investors adjusted their positions, including new purchases by Markowski Investments, Ameritas Advisory Services, Bard Associates and Contravisory Investment Management, while Sound Income Strategies nearly doubled its stake.
• CEF opened at $43.51, compared with a 12-month range of $35.69 to $61.38. The closed-end trust provides direct exposure to fully allocated physical gold and silver bullion rather than mining stocks or derivatives.

Corient Private Wealth LP lessened its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 45.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 29,470 shares of the company's stock after selling 24,388 shares during the quarter. Corient Private Wealth LP's holdings in Sprott Physical Gold and Silver Trust were worth $1,186,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Markowski Investments purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter valued at approximately $26,000. Ameritas Advisory Services LLC purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter worth $46,000. Sound Income Strategies LLC grew its stake in shares of Sprott Physical Gold and Silver Trust by 93.7% during the first quarter. Sound Income Strategies LLC now owns 1,439 shares of the company's stock worth $70,000 after purchasing an additional 696 shares in the last quarter. Bard Associates Inc. acquired a new position in shares of Sprott Physical Gold and Silver Trust during the fourth quarter worth $69,000. Finally, Contravisory Investment Management Inc. purchased a new position in Sprott Physical Gold and Silver Trust in the first quarter valued at $74,000.

Sprott Physical Gold and Silver Trust Price Performance

NYSEAMERICAN:CEF opened at $43.51 on Friday. Sprott Physical Gold and Silver Trust has a 12 month low of $35.69 and a 12 month high of $61.38. The business's fifty day moving average price is $43.66 and its 200 day moving average price is $45.26.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold and Silver Trust is a closed-end precious metals trust that seeks to provide investors with exposure to physical gold and silver bullion. The trust generally invests in fully allocated, unencumbered bullion rather than mining companies, futures contracts or other financial derivatives.

The trust's holdings are stored with a custodian and are designed to provide direct ownership exposure to precious metals. Its portfolio is primarily composed of gold and silver bars that meet established industry standards, with the allocation between the two metals determined under the trust's investment mandate.

The trust has roots in Central Fund of Canada, a precious metals investment vehicle established in 1961.

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