Cetera Investment Advisers Has $16.15 Million Stock Holdings in Sprott Physical Gold and Silver Trust $CEF

Cetera Investment Advisers trimmed its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 8.9% in the first quarter, Holdings Channel.com reports. The fund owned 338,427 shares of the company’s stock after selling 33,184 shares during the quarter. Cetera Investment Advisers’ holdings in Sprott Physical Gold and Silver Trust were worth $16,150,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CEF. NewEdge Advisors LLC boosted its holdings in Sprott Physical Gold and Silver Trust by 10.5% in the first quarter. NewEdge Advisors LLC now owns 7,842 shares of the company’s stock valued at $223,000 after acquiring an additional 744 shares during the last quarter. M&T Bank Corp acquired a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter valued at approximately $220,000. Cerity Partners LLC raised its holdings in Sprott Physical Gold and Silver Trust by 2.5% during the 2nd quarter. Cerity Partners LLC now owns 20,281 shares of the company’s stock worth $610,000 after purchasing an additional 500 shares during the last quarter. Jane Street Group LLC raised its holdings in Sprott Physical Gold and Silver Trust by 51.8% during the 2nd quarter. Jane Street Group LLC now owns 555,963 shares of the company’s stock worth $16,734,000 after purchasing an additional 189,669 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Sprott Physical Gold and Silver Trust by 25.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock worth $23,700,000 after purchasing an additional 158,687 shares during the period.

Sprott Physical Gold and Silver Trust Stock Performance

Shares of NYSEAMERICAN CEF opened at $39.75 on Wednesday. The company’s 50 day moving average price is $42.79 and its 200-day moving average price is $47.73. Sprott Physical Gold and Silver Trust has a 52-week low of $30.02 and a 52-week high of $61.38.

Sprott Physical Gold and Silver Trust Company 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.