SteelPeak Wealth LLC Makes New $602,000 Investment in Sprott Physical Gold and Silver Trust $CEF

SteelPeak Wealth LLC bought a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,500 shares of the company’s stock, valued at approximately $602,000.

A number of other hedge funds have also added to or reduced their stakes in CEF. IFP Advisors Inc increased its stake in Sprott Physical Gold and Silver Trust by 3.6% in the 3rd quarter. IFP Advisors Inc now owns 202,948 shares of the company’s stock valued at $8,430,000 after buying an additional 7,134 shares during the last quarter. Founders Grove Wealth Partners LLC lifted its position in Sprott Physical Gold and Silver Trust by 126.2% during the 3rd quarter. Founders Grove Wealth Partners LLC now owns 22,043 shares of the company’s stock worth $916,000 after buying an additional 12,300 shares in the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in shares of Sprott Physical Gold and Silver Trust by 23.8% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 136,864 shares of the company’s stock worth $5,685,000 after buying an additional 26,348 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Sprott Physical Gold and Silver Trust by 7.3% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 197,167 shares of the company’s stock worth $8,186,000 after buying an additional 13,468 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $42,000.

Sprott Physical Gold and Silver Trust Stock Performance

Shares of NYSEAMERICAN CEF opened at $40.32 on Tuesday. The business has a 50-day moving average of $43.69 and a 200-day moving average of $44.41. Sprott Physical Gold and Silver Trust has a fifty-two week low of $36.16 and a fifty-two week high of $61.38.

Sprott Physical Gold and Silver Trust Profile

Sprott Physical Gold and Silver Trust is a closed-end precious metals investment trust managed by Sprott Asset Management LP. The trust seeks to provide investors with exposure to physical gold and silver bullion rather than operating businesses or investing primarily in mining companies, futures contracts or other financial derivatives.

The trust’s assets consist principally of fully allocated, physical gold and silver bullion. The bullion is held in custody and is intended to remain unencumbered, giving investors an interest in precious metals held on the trust’s behalf.