Napa Wealth Management Reduces Stake in Sprott Physical Gold and Silver Trust $CEF

Key Points

• Napa Wealth Management reduced its position in Sprott Physical Gold and Silver Trust by 29.2%, holding 20,979 shares worth $596,000 after selling 8,654 shares in the first quarter.
• Several other hedge funds increased their stakes in Sprott Physical Gold and Silver Trust, including GAMMA Investing LLC, which boosted its stake by 2,741%.
• Sprott Physical Gold and Silver Trust shares opened at $31.42 and have seen a high of $31.80 and a low of $22.68 over the past year.

Napa Wealth Management trimmed its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) by 29.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,979 shares of the company's stock after selling 8,654 shares during the quarter. Napa Wealth Management's holdings in Sprott Physical Gold and Silver Trust were worth $596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atlas Capital Advisors Inc. bought a new position in Sprott Physical Gold and Silver Trust in the 1st quarter worth approximately $36,000. Chapman Financial Group LLC bought a new position in Sprott Physical Gold and Silver Trust in the 4th quarter worth approximately $67,000. Coastline Trust Co boosted its stake in Sprott Physical Gold and Silver Trust by 35.6% in the 1st quarter. Coastline Trust Co now owns 2,385 shares of the company's stock worth $68,000 after purchasing an additional 626 shares during the period. Elequin Capital LP bought a new position in Sprott Physical Gold and Silver Trust in the 4th quarter worth approximately $168,000. Finally, Hemenway Trust Co LLC bought a new position in Sprott Physical Gold and Silver Trust in the 1st quarter worth approximately $203,000.

Sprott Physical Gold and Silver Trust Trading Up 0.1%

CEF stock traded up $0.04 during midday trading on Wednesday, hitting $31.51. The company's stock had a trading volume of 793,906 shares, compared to its average volume of 616,631. Sprott Physical Gold and Silver Trust has a 12 month low of $22.68 and a 12 month high of $31.80. The company has a 50 day moving average of $30.78 and a two-hundred day moving average of $28.93.

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.