Shufro Rose & Co. LLC Sells 700,138 Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)

Key Points

• Shufro Rose & Co. LLC significantly reduced its stake in Sprott Physical Gold and Silver Trust by 65.9%, selling 700,138 shares in the first quarter, leaving them with 362,651 shares.
• Other hedge funds have varied their positions, with GAMMA Investing LLC increasing its holdings by a dramatic 2,741.0% during the same period, alongside new acquisitions from Arkadios Wealth Advisors and Petra Financial Advisors.
• The share price of Sprott Physical Gold and Silver Trust opened at $30.12, with a one-year trading range from a low of $21.70 to a high of $31.80.

Shufro Rose & Co. LLC cut its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 65.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 362,651 shares of the company's stock after selling 700,138 shares during the period. Shufro Rose & Co. LLC owned about 0.17% of Sprott Physical Gold and Silver Trust worth $10,303,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CEF. Harbour Investments Inc. raised its holdings in shares of Sprott Physical Gold and Silver Trust by 204.2% in the 1st quarter. Harbour Investments Inc. now owns 16,135 shares of the company's stock worth $458,000 after purchasing an additional 10,831 shares in the last quarter. Sound View Wealth Advisors Group LLC bought a new stake in shares of Sprott Physical Gold and Silver Trust in the 1st quarter worth approximately $211,000. Arkadios Wealth Advisors bought a new stake in shares of Sprott Physical Gold and Silver Trust in the 1st quarter worth approximately $7,436,000. Indie Asset Partners LLC increased its position in shares of Sprott Physical Gold and Silver Trust by 36.8% in the first quarter. Indie Asset Partners LLC now owns 14,874 shares of the company's stock worth $423,000 after acquiring an additional 4,002 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of Sprott Physical Gold and Silver Trust by 14.1% in the first quarter. LPL Financial LLC now owns 653,764 shares of the company's stock worth $18,573,000 after acquiring an additional 80,666 shares in the last quarter.

Sprott Physical Gold and Silver Trust Stock Performance

Shares of Sprott Physical Gold and Silver Trust stock traded up $0.18 during trading on Monday, hitting $30.85. The stock had a trading volume of 275,565 shares, compared to its average volume of 627,237. The stock has a 50 day simple moving average of $30.41 and a 200 day simple moving average of $28.03. Sprott Physical Gold and Silver Trust has a 1 year low of $21.70 and a 1 year high of $31.80.

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.