Robertson Stephens Wealth Management LLC Purchases 26,348 Shares of Sprott Physical Gold and Silver Trust $CEF

Key Points

• Robertson Stephens Wealth Management increased its CEF position by 23.8% in the third quarter, purchasing 26,348 shares and ending with 136,864 shares valued at approximately $5.69 million.
• Several other institutional investors also added to their holdings, including TD Waterhouse Canada, SBE LLC DBA Cedar Cove Wealth Partners, Kellett Wealth Advisors, and HBW Advisory Services.
• CEF opened at $40.45, below its 50-day moving average of $43.78 and 200-day moving average of $44.47; the trust provides exposure to allocated physical gold and silver bullion.

Robertson Stephens Wealth Management LLC boosted its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 23.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,864 shares of the company's stock after buying an additional 26,348 shares during the quarter. Robertson Stephens Wealth Management LLC owned 0.06% of Sprott Physical Gold and Silver Trust worth $5,685,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. TD Waterhouse Canada Inc. raised its position in Sprott Physical Gold and Silver Trust by 7.3% in the third quarter. TD Waterhouse Canada Inc. now owns 197,167 shares of the company's stock worth $8,186,000 after acquiring an additional 13,468 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Sprott Physical Gold and Silver Trust in the 3rd quarter valued at about $42,000. SBE LLC DBA Cedar Cove Wealth Partners lifted its holdings in Sprott Physical Gold and Silver Trust by 11.5% in the 3rd quarter. SBE LLC DBA Cedar Cove Wealth Partners now owns 77,436 shares of the company's stock valued at $3,217,000 after acquiring an additional 7,997 shares during the last quarter. Kellett Wealth Advisors LLC boosted its position in shares of Sprott Physical Gold and Silver Trust by 4.4% during the 3rd quarter. Kellett Wealth Advisors LLC now owns 16,312 shares of the company's stock valued at $678,000 after purchasing an additional 680 shares in the last quarter. Finally, HBW Advisory Services LLC boosted its position in shares of Sprott Physical Gold and Silver Trust by 1.2% during the 3rd quarter. HBW Advisory Services LLC now owns 31,036 shares of the company's stock valued at $1,289,000 after purchasing an additional 381 shares in the last quarter.

Sprott Physical Gold and Silver Trust Stock Performance

NYSEAMERICAN:CEF opened at $40.45 on Friday. The company has a 50-day moving average of $43.78 and a 200-day moving average of $44.47. Sprott Physical Gold and Silver Trust has a twelve month low of $36.16 and a twelve month high of $61.38.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold and Silver Trust is a closed-end precious-metals trust that seeks to provide investors with exposure to physical gold and silver bullion. The trust holds substantially all of its assets in bullion rather than in mining companies, futures contracts, or other financial instruments, giving investors a way to participate directly in the potential long-term value of precious metals.

The trust's holdings consist of allocated and segregated gold and silver bullion stored with a custodian.

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