Parallax Volatility Advisers L.P. Cuts Position in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Parallax Volatility Advisers L.P. reduced its holdings in Sprott Physical Gold and Silver Trust by 49.5%, owning approximately 2,019,588 shares after selling 1,975,845 shares in the first quarter of the year.
• Other investors like Coastline Trust Co. and Hemenway Trust Co. LLC have also increased their stakes in the trust, indicating a mix of activity among large investors.
• The current stock price of Sprott Physical Gold and Silver Trust is $33.40, with a recent 1-year low of $22.73 and a high of $33.58.

Parallax Volatility Advisers L.P. reduced its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 49.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,019,588 shares of the company's stock after selling 1,975,845 shares during the period. Sprott Physical Gold and Silver Trust comprises 0.2% of Parallax Volatility Advisers L.P.'s investment portfolio, making the stock its 16th largest holding. Parallax Volatility Advisers L.P. owned approximately 0.94% of Sprott Physical Gold and Silver Trust worth $57,376,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. grew its position in shares of Sprott Physical Gold and Silver Trust by 1.3% during the first quarter. Atria Wealth Solutions Inc. now owns 38,769 shares of the company's stock worth $1,101,000 after acquiring an additional 485 shares during the last quarter. Latitude Advisors LLC boosted its stake in Sprott Physical Gold and Silver Trust by 5.3% during the 1st quarter. Latitude Advisors LLC now owns 11,505 shares of the company's stock worth $327,000 after purchasing an additional 580 shares during the period. Coastline Trust Co grew its position in Sprott Physical Gold and Silver Trust by 35.6% during the 1st quarter. Coastline Trust Co now owns 2,385 shares of the company's stock worth $68,000 after purchasing an additional 626 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Sprott Physical Gold and Silver Trust by 2.7% in the first quarter. Strategic Financial Concepts LLC now owns 24,535 shares of the company's stock valued at $657,000 after purchasing an additional 641 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in Sprott Physical Gold and Silver Trust by 8.0% in the first quarter. Bahl & Gaynor Inc. now owns 9,939 shares of the company's stock valued at $282,000 after purchasing an additional 738 shares during the period.

Sprott Physical Gold and Silver Trust Price Performance

Shares of CEF traded up $0.08 during mid-day trading on Thursday, hitting $33.96. 564,701 shares of the company's stock were exchanged, compared to its average volume of 636,993. Sprott Physical Gold and Silver Trust has a fifty-two week low of $23.44 and a fifty-two week high of $34.07. The business's 50 day moving average is $31.35 and its two-hundred day moving average is $29.53.

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.