Brookstone Capital Management Sells 62,979 Shares of Sprott Physical Gold and Silver Trust $CEF

Brookstone Capital Management lowered its holdings in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 27.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 166,301 shares of the company’s stock after selling 62,979 shares during the period. Brookstone Capital Management’s holdings in Sprott Physical Gold and Silver Trust were worth $7,936,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Morgan Stanley grew its stake in shares of Sprott Physical Gold and Silver Trust by 9.8% in the fourth quarter. Morgan Stanley now owns 5,627,038 shares of the company’s stock worth $257,718,000 after acquiring an additional 499,996 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in Sprott Physical Gold and Silver Trust by 1.5% during the 4th quarter. Jupiter Asset Management Ltd. now owns 3,604,249 shares of the company’s stock valued at $164,822,000 after purchasing an additional 52,815 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Sprott Physical Gold and Silver Trust by 6.9% in the 3rd quarter. Raymond James Financial Inc. now owns 1,129,712 shares of the company’s stock valued at $41,449,000 after purchasing an additional 73,201 shares during the period. LPL Financial LLC boosted its holdings in Sprott Physical Gold and Silver Trust by 2.4% in the 4th quarter. LPL Financial LLC now owns 934,345 shares of the company’s stock valued at $42,793,000 after purchasing an additional 21,663 shares during the period. Finally, Evelyn Partners Investment Management LLP grew its position in Sprott Physical Gold and Silver Trust by 6.5% in the 4th quarter. Evelyn Partners Investment Management LLP now owns 811,531 shares of the company’s stock worth $37,168,000 after purchasing an additional 49,608 shares during the last quarter.

Sprott Physical Gold and Silver Trust Stock Performance

NYSEAMERICAN CEF opened at $42.80 on Tuesday. The company’s fifty day moving average is $47.30 and its two-hundred day moving average is $48.62. Sprott Physical Gold and Silver Trust has a 52-week low of $29.69 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.