Sprott Physical Gold and Silver Trust $CEF Stock Position Cut by Cadence Wealth Management LLC

Cadence Wealth Management LLC trimmed its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 8.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,094 shares of the company’s stock after selling 20,419 shares during the period. Sprott Physical Gold and Silver Trust comprises approximately 4.3% of Cadence Wealth Management LLC’s holdings, making the stock its 8th largest holding. Cadence Wealth Management LLC owned about 0.10% of Sprott Physical Gold and Silver Trust worth $10,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Litman Gregory Wealth Management LLC acquired a new stake in Sprott Physical Gold and Silver Trust in the fourth quarter valued at $30,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Sprott Physical Gold and Silver Trust in the 4th quarter worth about $46,000. Sound Income Strategies LLC increased its position in shares of Sprott Physical Gold and Silver Trust by 93.7% in the 1st quarter. Sound Income Strategies LLC now owns 1,439 shares of the company’s stock worth $70,000 after purchasing an additional 696 shares during the last quarter. Bard Associates Inc. acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 4th quarter valued at about $69,000. Finally, Contravisory Investment Management Inc. bought a new position in shares of Sprott Physical Gold and Silver Trust during the first quarter worth about $74,000.

Sprott Physical Gold and Silver Trust Stock Up 2.8%

Shares of CEF stock opened at $40.56 on Wednesday. Sprott Physical Gold and Silver Trust has a one year low of $30.02 and a one year high of $61.38. The company’s 50-day simple moving average is $43.66 and its 200-day simple moving average is $47.99.

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.