Oppenheimer & Co. Inc. Acquires New Stake in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Oppenheimer & Co. acquired 126,923 shares of Sprott Physical Gold and Silver Trust in the third quarter, valued at approximately $5.27 million and representing a 0.06% stake.
• Several other institutional investors also initiated or increased positions, including Sound Income Strategies, which expanded its stake by 93.7%, and Contravisory Investment Management, which increased its holdings by 27.6%.
• CEF was trading at $38.40, down 2.2%, with the price below its 50-day and 200-day moving averages. The trust primarily holds fully allocated physical gold and silver bullion.

Oppenheimer & Co. Inc. bought a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 126,923 shares of the company's stock, valued at approximately $5,272,000. Oppenheimer & Co. Inc. owned 0.06% of Sprott Physical Gold and Silver Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Markowski Investments purchased a new position in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Sprott Physical Gold and Silver Trust during the third quarter valued at approximately $42,000. Ameritas Advisory Services LLC purchased a new stake in Sprott Physical Gold and Silver Trust in the second quarter worth $46,000. Sound Income Strategies LLC grew its stake in Sprott Physical Gold and Silver Trust by 93.7% in 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 during the period. Finally, Contravisory Investment Management Inc. grew its stake in Sprott Physical Gold and Silver Trust by 27.6% in the second quarter. Contravisory Investment Management Inc. now owns 1,986 shares of the company's stock worth $80,000 after purchasing an additional 430 shares during the period.

Sprott Physical Gold and Silver Trust Trading Down 2.2%

CEF opened at $38.40 on Friday. The stock has a fifty day simple moving average of $42.81 and a two-hundred day simple moving average of $46.14. Sprott Physical Gold and Silver Trust has a 12-month low of $36.33 and a 12-month high of $61.38.

About Sprott Physical Gold and Silver Trust

Sprott Physical Gold and Silver Trust is a closed-end precious metals investment trust managed by Sprott Asset Management LP. The trust seeks to provide investors with exposure to physical gold and silver bullion rather than operating businesses or investing primarily in mining companies, futures contracts or other financial derivatives.

The trust's assets consist principally of fully allocated, physical gold and silver bullion. The bullion is held in custody and is intended to remain unencumbered, giving investors an interest in precious metals held on the trust's behalf.

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