Philip James Wealth Mangement LLC Has $2.05 Million Stock Position in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Philip James Wealth Management LLC reduced its stake in Sprott Physical Gold and Silver Trust by 78.8% in Q2, now holding 68,015 shares valued at approximately $2.05 million.
• Other institutional investors, including Midwest Financial Group and Truist Financial Corp, have increased their holdings in the trust, reflecting a mixed sentiment among investors.
• The CEF stock opened at $36.93, with a 1-year high of $37.15, indicating some recent upward movement in share value.

Philip James Wealth Mangement LLC trimmed its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 78.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,015 shares of the company's stock after selling 252,627 shares during the quarter. Philip James Wealth Mangement LLC's holdings in Sprott Physical Gold and Silver Trust were worth $2,047,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Midwest Financial Group LLC increased its position in Sprott Physical Gold and Silver Trust by 7.0% during the second quarter. Midwest Financial Group LLC now owns 13,788 shares of the company's stock worth $415,000 after acquiring an additional 908 shares during the period. Truist Financial Corp increased its position in Sprott Physical Gold and Silver Trust by 10.4% during the second quarter. Truist Financial Corp now owns 42,564 shares of the company's stock worth $1,281,000 after acquiring an additional 4,000 shares during the period. Chicago Capital LLC increased its position in Sprott Physical Gold and Silver Trust by 1.0% during the second quarter. Chicago Capital LLC now owns 155,365 shares of the company's stock worth $4,676,000 after acquiring an additional 1,500 shares during the period. Coastline Trust Co increased its position in Sprott Physical Gold and Silver Trust by 74.0% during the second quarter. Coastline Trust Co now owns 4,150 shares of the company's stock worth $125,000 after acquiring an additional 1,765 shares during the period. Finally, Beaumont Financial Advisors LLC increased its position in Sprott Physical Gold and Silver Trust by 9.1% during the second quarter. Beaumont Financial Advisors LLC now owns 584,808 shares of the company's stock worth $17,603,000 after acquiring an additional 49,015 shares during the period.

Sprott Physical Gold and Silver Trust Stock Up 0.7%

Shares of CEF stock opened at $36.93 on Thursday. Sprott Physical Gold and Silver Trust has a 1 year low of $23.53 and a 1 year high of $37.15. The firm's fifty day simple moving average is $32.65 and its 200 day simple moving average is $30.47.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.