Parallax Volatility Advisers L.P. Sells 1,975,845 Shares of 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. trimmed its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 49.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 accounts for approximately 0.2% of Parallax Volatility Advisers L.P.'s investment portfolio, making the stock its 16th biggest position. Parallax Volatility Advisers L.P. owned approximately 0.94% of Sprott Physical Gold and Silver Trust worth $57,376,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. increased its stake in shares of Sprott Physical Gold and Silver Trust by 1.3% during the 1st quarter. Atria Wealth Solutions Inc. now owns 38,769 shares of the company's stock worth $1,101,000 after purchasing an additional 485 shares during the last quarter. Latitude Advisors LLC grew its holdings in Sprott Physical Gold and Silver Trust by 5.3% during the first 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 increased its position in Sprott Physical Gold and Silver Trust by 35.6% during the first quarter. Coastline Trust Co now owns 2,385 shares of the company's stock worth $68,000 after buying an additional 626 shares during the last quarter. Strategic Financial Concepts LLC raised 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 buying an additional 641 shares during the period. Finally, Bahl & Gaynor Inc. lifted its position in shares of 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 buying an additional 738 shares during the last quarter.

Sprott Physical Gold and Silver Trust Stock Up 0.5%

Shares of CEF stock traded up $0.18 during trading on Wednesday, reaching $33.88. 1,559,549 shares of the company's stock were exchanged, compared to its average volume of 637,426. Sprott Physical Gold and Silver Trust has a twelve month low of $22.94 and a twelve month high of $34.07. The firm's fifty day moving average price is $31.28 and its 200-day moving average price is $29.49.

Sprott Physical Gold and Silver Trust Company 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.