Sprott Physical Gold and Silver Trust $CEF Shares Sold by Cadence Wealth Management LLC

Cadence Wealth Management LLC cut its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 8.7% in the 1st quarter, Holdings Channel reports. The firm owned 214,094 shares of the company’s stock after selling 20,419 shares during the quarter. Sprott Physical Gold and Silver Trust comprises approximately 4.3% of Cadence Wealth Management LLC’s holdings, making the stock its 8th biggest position. Cadence Wealth Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $10,217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CEF. IMC Chicago LLC acquired a new position in Sprott Physical Gold and Silver Trust during the 1st quarter valued at approximately $165,346,000. 3EDGE Asset Management LP acquired a new stake in Sprott Physical Gold and Silver Trust in the fourth quarter worth $26,268,000. Morgan Stanley lifted its stake in Sprott Physical Gold and Silver Trust by 9.8% in the fourth quarter. Morgan Stanley now owns 5,627,038 shares of the company’s stock valued at $257,718,000 after buying an additional 499,996 shares during the last quarter. Jane Street Group LLC lifted its stake in Sprott Physical Gold and Silver Trust by 51.8% in the second quarter. Jane Street Group LLC now owns 555,963 shares of the company’s stock valued at $16,734,000 after buying an additional 189,669 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Sprott Physical Gold and Silver Trust by 205.2% during the fourth quarter. Private Advisor Group LLC now owns 272,148 shares of the company’s stock valued at $12,464,000 after acquiring an additional 182,969 shares during the period.

Sprott Physical Gold and Silver Trust Price Performance

Shares of CEF opened at $40.56 on Wednesday. The firm has a fifty day moving average of $43.66 and a 200-day moving average of $47.99. Sprott Physical Gold and Silver Trust has a 1 year low of $30.02 and a 1 year high of $61.38.

About Sprott Physical Gold and Silver Trust

The Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) is a closed-end investment trust that provides investors with direct exposure to physical gold and silver bullion. Established in 2019 and sponsored by Sprott Asset Management, the trust holds allocated London Good Delivery gold bars and London Silver Fix silver bars in secure vaults, offering a transparent alternative to traditional equity- or futures-based precious metals vehicles. Each trust unit represents a proportional interest in the bullion holdings, and investors gain ownership of the underlying metal without assuming the logistics of purchase, storage, or insurance.

To maintain its inventory, the trust purchases bullion through approved bullion dealers and London bullion market participants.