Pekin Hardy Strauss Inc. Makes New $7.13 Million Investment in Sprott Physical Gold and Silver Trust $CEF

Pekin Hardy Strauss Inc. purchased a new position in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 171,592 shares of the company’s stock, valued at approximately $7,128,000. Pekin Hardy Strauss Inc. owned approximately 0.08% of Sprott Physical Gold and Silver Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Markowski Investments acquired a new position in Sprott Physical Gold and Silver Trust in the second quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust during the third quarter worth about $42,000. Laurel Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust during the third quarter worth about $42,000. Ameritas Advisory Services LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust during the second quarter worth about $46,000. Finally, MADDEN SECURITIES Corp purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the 3rd quarter valued at about $58,000.

Sprott Physical Gold and Silver Trust Price Performance

Sprott Physical Gold and Silver Trust stock opened at $39.02 on Friday. Sprott Physical Gold and Silver Trust has a fifty-two week low of $36.57 and a fifty-two week high of $61.38. The stock has a 50-day simple moving average of $41.90 and a 200-day simple moving average of $45.80.

Sprott Physical Gold and Silver Trust Profile

Sprott Physical Gold and Silver Trust is a closed-end precious metals investment trust managed by Sprott Asset Management LP. The trust seeks to provide investors with exposure to physical gold and silver bullion rather than operating businesses or investing primarily in mining companies, futures contracts or other financial derivatives.

The trust’s assets consist principally of fully allocated, physical gold and silver bullion. The bullion is held in custody and is intended to remain unencumbered, giving investors an interest in precious metals held on the trust’s behalf.