Jupiter Asset Management Ltd. Boosts Stock Holdings in Sprott Physical Gold and Silver Trust $CEF

Jupiter Asset Management Ltd. boosted its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 29.7% in the 3rd quarter, Holdings Channel reports. The firm owned 3,551,434 shares of the company’s stock after acquiring an additional 812,697 shares during the quarter. Sprott Physical Gold and Silver Trust accounts for approximately 1.1% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 11th largest position. Jupiter Asset Management Ltd.’s holdings in Sprott Physical Gold and Silver Trust were worth $130,112,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GWN Securities Inc. increased its stake in Sprott Physical Gold and Silver Trust by 1,878.1% in the 2nd quarter. GWN Securities Inc. now owns 227,584 shares of the company’s stock worth $6,850,000 after acquiring an additional 216,079 shares during the last quarter. TIAA Trust National Association grew its holdings in shares of Sprott Physical Gold and Silver Trust by 119.1% during the second quarter. TIAA Trust National Association now owns 362,035 shares of the company’s stock worth $10,897,000 after purchasing an additional 196,787 shares in the last quarter. Jane Street Group LLC increased its position in shares of Sprott Physical Gold and Silver Trust by 51.8% in the second 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. 3EDGE Asset Management LP raised its stake in Sprott Physical Gold and Silver Trust by 46.4% in the second quarter. 3EDGE Asset Management LP now owns 589,317 shares of the company’s stock valued at $17,568,000 after purchasing an additional 186,745 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Sprott Physical Gold and Silver Trust by 25.2% during the second quarter. Ameriprise Financial Inc. now owns 787,541 shares of the company’s stock valued at $23,700,000 after purchasing an additional 158,687 shares during the last quarter.

Sprott Physical Gold and Silver Trust Price Performance

Shares of NYSEAMERICAN:CEF opened at $50.51 on Friday. The company’s fifty day moving average price is $49.85 and its 200-day moving average price is $41.04. Sprott Physical Gold and Silver Trust has a one year low of $25.82 and a one year 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.