Northwestern Mutual Wealth Management Co. Boosts Holdings in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Sprott Physical Gold and Silver Trust by 8.9%, acquiring an additional 11,527 shares, bringing its total ownership to approximately 141,491 shares.
• Other hedge funds such as Stifel Financial Corp and Susquehanna International Group LLP also significantly increased their holdings in Sprott, showcasing a growing interest in the trust.
• Sprott Physical Gold and Silver Trust stock opened at $31.77, reflecting a 52-week range with a high of $31.80 and a low of $22.68.

Northwestern Mutual Wealth Management Co. raised its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 141,491 shares of the company's stock after purchasing an additional 11,527 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.07% of Sprott Physical Gold and Silver Trust worth $4,020,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CEF. Stifel Financial Corp increased its stake in Sprott Physical Gold and Silver Trust by 15.4% in the fourth quarter. Stifel Financial Corp now owns 193,746 shares of the company's stock valued at $4,603,000 after purchasing an additional 25,843 shares during the last quarter. Susquehanna International Group LLP increased its stake in Sprott Physical Gold and Silver Trust by 1,154.4% in the fourth quarter. Susquehanna International Group LLP now owns 131,850 shares of the company's stock valued at $3,133,000 after purchasing an additional 121,339 shares during the last quarter. Jane Street Group LLC grew its position in shares of Sprott Physical Gold and Silver Trust by 50.3% during the fourth quarter. Jane Street Group LLC now owns 828,776 shares of the company's stock worth $19,692,000 after acquiring an additional 277,315 shares during the last quarter. 4WEALTH Advisors Inc. purchased a new position in shares of Sprott Physical Gold and Silver Trust during the fourth quarter worth approximately $317,000. Finally, Baird Financial Group Inc. grew its position in shares of Sprott Physical Gold and Silver Trust by 2.8% during the fourth quarter. Baird Financial Group Inc. now owns 1,378,907 shares of the company's stock worth $32,763,000 after acquiring an additional 37,604 shares during the last quarter.

Sprott Physical Gold and Silver Trust Stock Performance

Shares of CEF traded up $0.46 during mid-day trading on Friday, reaching $32.23. 703,298 shares of the company's stock were exchanged, compared to its average volume of 617,863. The business's fifty day simple moving average is $30.86 and its 200-day simple moving average is $29.10. Sprott Physical Gold and Silver Trust has a 52-week low of $22.68 and a 52-week high of $32.23.

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.