Park Avenue Securities LLC Invests $490,000 in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Park Avenue Securities LLC invested approximately $490,000 in Sprott Physical Gold and Silver Trust, acquiring 16,290 shares in the second quarter.
• Other significant investors like Bluefin Capital Management LLC and GAMMA Investing LLC also acquired substantial positions in the trust during the first quarter, indicating strong institutional interest.
• Sprott Physical Gold and Silver Trust shares have shown positive performance, with a current price of $36.54, marking a 1.8% increase recently.

Park Avenue Securities LLC acquired a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,290 shares of the company's stock, valued at approximately $490,000.

Other large investors also recently modified their holdings of the company. Bluefin Capital Management LLC acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 1st quarter worth about $37,797,000. Arkadios Wealth Advisors acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 1st quarter worth about $7,436,000. GAMMA Investing LLC boosted its stake in shares of Sprott Physical Gold and Silver Trust by 2,741.0% during the 1st quarter. GAMMA Investing LLC now owns 56,820 shares of the company's stock worth $1,614,000 after buying an additional 54,820 shares during the last quarter. Simplicity Wealth LLC boosted its stake in shares of Sprott Physical Gold and Silver Trust by 95.1% during the 1st quarter. Simplicity Wealth LLC now owns 93,006 shares of the company's stock worth $2,642,000 after buying an additional 45,346 shares during the last quarter. Finally, Petra Financial Advisors Inc. acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 1st quarter worth about $275,000.

Sprott Physical Gold and Silver Trust Stock Up 1.8%

Shares of CEF stock opened at $36.54 on Tuesday. The firm's 50-day moving average is $32.45 and its 200-day moving average is $30.38. Sprott Physical Gold and Silver Trust has a 52-week low of $23.53 and a 52-week high of $36.64.

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.

Want to see what other hedge funds are holding CEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report).

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