Philip James Wealth Mangement LLC Sells 37,940 Shares of Sprott Physical Gold and Silver Trust $CEF

Philip James Wealth Mangement LLC reduced its holdings in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 55.8% in the third quarter, HoldingsChannel reports. The fund owned 30,075 shares of the company’s stock after selling 37,940 shares during the period. Philip James Wealth Mangement LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $1,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CEF. CWM LLC lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 139.0% during the second quarter. CWM LLC now owns 956 shares of the company’s stock valued at $29,000 after purchasing an additional 556 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the 2nd quarter worth approximately $42,000. Atlantic Union Bankshares Corp bought a new position in Sprott Physical Gold and Silver Trust during the 2nd quarter valued at approximately $42,000. Advantage Trust Co raised its stake in Sprott Physical Gold and Silver Trust by 28.6% during the second quarter. Advantage Trust Co now owns 1,800 shares of the company’s stock valued at $54,000 after buying an additional 400 shares during the last quarter. Finally, Private Trust Co. NA purchased a new position in Sprott Physical Gold and Silver Trust during the third quarter valued at $65,000.

Sprott Physical Gold and Silver Trust Price Performance

NYSEAMERICAN CEF opened at $48.83 on Friday. Sprott Physical Gold and Silver Trust has a 12 month low of $24.43 and a 12 month high of $49.56. The stock’s fifty day moving average price is $42.66 and its 200-day moving average price is $36.72.

Sprott Physical Gold and Silver Trust Profile

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.