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Pacific Sage Partners LLC Sells 30,922 Shares of Sprott Physical Gold and Silver Trust $CEF

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Key Points

  • Pacific Sage Partners reduced its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 11.4% in Q4, selling 30,922 shares and ending the period with 239,587 shares worth $10,973,000, about 1.7% of its portfolio and its 16th largest holding.
  • Several institutional investors increased positions in CEF, notably Jupiter Asset Management (+29.7%, +812,697 shares to 3,551,434) and Bleakley Financial (+159,812 shares to 5,218,691), with Raymond James, Ameriprise and Bank of America also adding shares.
  • The trust's shares opened at $47.05, trading in a one‑year range of $26.01–$61.38, with a 50‑day moving average of $51.14 and a 200‑day moving average of $44.89.
  • MarketBeat previews the top five stocks to own by May 1st.

Pacific Sage Partners LLC lessened its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 239,587 shares of the company's stock after selling 30,922 shares during the quarter. Sprott Physical Gold and Silver Trust makes up about 1.7% of Pacific Sage Partners LLC's investment portfolio, making the stock its 16th largest holding. Pacific Sage Partners LLC owned about 0.11% of Sprott Physical Gold and Silver Trust worth $10,973,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its holdings in Sprott Physical Gold and Silver Trust by 3.2% in the third quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company's stock worth $191,474,000 after purchasing an additional 159,812 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in shares of Sprott Physical Gold and Silver Trust by 29.7% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company's stock valued at $130,112,000 after buying an additional 812,697 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Sprott Physical Gold and Silver Trust by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company's stock worth $41,449,000 after buying an additional 73,201 shares during the period. Ameriprise Financial Inc. grew its position in shares of Sprott Physical Gold and Silver Trust by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company's stock worth $23,700,000 after buying an additional 158,687 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Sprott Physical Gold and Silver Trust by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 693,257 shares of the company's stock worth $25,436,000 after acquiring an additional 5,506 shares in the last quarter.

Sprott Physical Gold and Silver Trust Price Performance

Shares of NYSEAMERICAN CEF opened at $47.05 on Friday. Sprott Physical Gold and Silver Trust has a 1 year low of $26.01 and a 1 year high of $61.38. The firm has a 50-day moving average of $51.14 and a 200 day moving average of $44.89.

Sprott Physical Gold and Silver Trust Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)

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