CIBC Private Wealth Group LLC Sells 32,182 Shares of Sprott Physical Gold and Silver Trust $CEF

CIBC Private Wealth Group LLC reduced its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 49.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,059 shares of the company’s stock after selling 32,182 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $1,213,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Jupiter Asset Management Ltd. grew its position in Sprott Physical Gold and Silver Trust by 29.7% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 3,551,434 shares of the company’s stock worth $130,112,000 after purchasing an additional 812,697 shares during the last quarter. Jane Street Group LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 51.8% during 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. Bleakley Financial Group LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 3.2% during the third quarter. Bleakley Financial Group LLC now owns 5,218,691 shares of the company’s stock valued at $191,474,000 after buying an additional 159,812 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Sprott Physical Gold and Silver Trust by 25.2% in the second quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock valued at $23,700,000 after buying an additional 158,687 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Sprott Physical Gold and Silver Trust in the third quarter valued at about $3,669,000.

Sprott Physical Gold and Silver Trust Price Performance

CEF stock opened at $44.32 on Monday. Sprott Physical Gold and Silver Trust has a twelve month low of $26.01 and a twelve month high of $61.38. The business’s 50-day simple moving average is $52.37 and its 200 day simple moving average is $44.29.

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.