Demars Financial Group LLC Lowers Holdings in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Demars Financial Group LLC significantly reduced its holdings in Sprott Physical Gold and Silver Trust by 96.4%, selling over 2.3 million shares and leaving it with just 88,446 shares.
• Despite the reduction, Sprott Physical Gold and Silver Trust still represents approximately 1.0% of Demars Financial Group's investment portfolio, valued at about $2.66 million.
• Several other hedge funds, including Kingstone Capital Partners, have also invested in Sprott Physical Gold and Silver Trust, as evidenced by new stakes amounting to significant sums during the second quarter.

Demars Financial Group LLC lowered its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 96.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 88,446 shares of the company's stock after selling 2,337,288 shares during the period. Sprott Physical Gold and Silver Trust accounts for about 1.0% of Demars Financial Group LLC's investment portfolio, making the stock its 15th biggest holding. Demars Financial Group LLC's holdings in Sprott Physical Gold and Silver Trust were worth $2,662,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CEF. Kingstone Capital Partners Texas LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the second quarter worth $114,726,000. Bluefin Capital Management LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the first quarter worth $37,797,000. Arkadios Wealth Advisors purchased a new stake in Sprott Physical Gold and Silver Trust during the first quarter worth $7,436,000. Jupiter Asset Management Ltd. lifted its holdings in Sprott Physical Gold and Silver Trust by 11.7% during the first quarter. Jupiter Asset Management Ltd. now owns 2,377,960 shares of the company's stock worth $67,466,000 after buying an additional 248,489 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the second quarter worth $6,347,000.

Sprott Physical Gold and Silver Trust Stock Performance

Sprott Physical Gold and Silver Trust stock opened at $39.60 on Monday. The business has a fifty day moving average of $34.54 and a two-hundred day moving average of $31.41. Sprott Physical Gold and Silver Trust has a twelve month low of $23.53 and a twelve month high of $41.20.

Sprott Physical Gold and Silver Trust 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.

Want to see what other hedge funds are holding CEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report).

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