Sprott Physical Gold and Silver Trust $CEF Shares Sold by Avidian Wealth Enterprises LLC

Key Points

• Avidian Wealth Enterprises LLC cut its Sprott Physical Gold and Silver Trust stake by 82.3% in the third quarter, selling 31,899 shares and retaining 6,869 shares valued at approximately $285,000.
• Institutional activity was mixed: IMC Chicago LLC and Weiss Asset Management LP opened substantial new positions, while Evelyn Partners, Kestra Advisory Services, and PYA Waltman Capital increased their holdings.
• CEF opened at $41.67, with a 52-week range of $36.16 to $61.38. The closed-end trust invests primarily in allocated, segregated physical gold and silver bullion.

Avidian Wealth Enterprises LLC decreased its position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 82.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,869 shares of the company's stock after selling 31,899 shares during the quarter. Avidian Wealth Enterprises LLC's holdings in Sprott Physical Gold and Silver Trust were worth $285,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. IMC Chicago LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 1st quarter worth about $165,346,000. Weiss Asset Management LP acquired a new position in Sprott Physical Gold and Silver Trust during the 1st quarter valued at about $83,009,000. Evelyn Partners Investment Management LLP boosted its stake in Sprott Physical Gold and Silver Trust by 6.5% during the 4th quarter. Evelyn Partners Investment Management LLP now owns 811,531 shares of the company's stock valued at $37,168,000 after purchasing an additional 49,608 shares during the period. Kestra Advisory Services LLC boosted its stake in Sprott Physical Gold and Silver Trust by 1.6% during the 1st quarter. Kestra Advisory Services LLC now owns 213,694 shares of the company's stock valued at $10,197,000 after purchasing an additional 3,351 shares during the period. Finally, PYA Waltman Capital LLC boosted its stake in Sprott Physical Gold and Silver Trust by 7.1% during the 2nd quarter. PYA Waltman Capital LLC now owns 204,820 shares of the company's stock valued at $8,240,000 after purchasing an additional 13,550 shares during the period.

Sprott Physical Gold and Silver Trust Stock Performance

NYSEAMERICAN CEF opened at $41.67 on Monday. Sprott Physical Gold and Silver Trust has a 52 week low of $36.16 and a 52 week high of $61.38. The company has a 50-day moving average price of $43.91 and a two-hundred day moving average price of $44.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.