New Harbor Financial Group LLC trimmed its stake in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Free Report) by 6.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 325,296 shares of the company’s stock after selling 21,622 shares during the period. Sprott Physical Gold and Silver Trust comprises about 2.0% of New Harbor Financial Group LLC’s investment portfolio, making the stock its 20th largest position. New Harbor Financial Group LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $13,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently bought and sold shares of CEF. Demars Financial Group LLC lifted its holdings in shares of Sprott Physical Gold and Silver Trust by 0.9% during the third quarter. Demars Financial Group LLC now owns 95,892 shares of the company’s stock valued at $3,983,000 after acquiring an additional 878 shares during the period. Brookstone Capital Management boosted its stake in shares of Sprott Physical Gold and Silver Trust by 8.1% in the 3rd quarter. Brookstone Capital Management now owns 191,213 shares of the company’s stock valued at $7,943,000 after purchasing an additional 14,293 shares in the last quarter. NBT Bank N.A. acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 3rd quarter valued at $249,000. Axxcess Wealth Management LLC grew its holdings in shares of Sprott Physical Gold and Silver Trust by 15.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 6,000 shares of the company’s stock worth $249,000 after purchasing an additional 800 shares during the last quarter. Finally, Sowell Financial Services LLC bought a new stake in shares of Sprott Physical Gold and Silver Trust in the 3rd quarter worth about $218,000.
Sprott Physical Gold and Silver Trust Trading Down 0.7%
Shares of Sprott Physical Gold and Silver Trust stock traded down $0.26 during mid-day trading on Friday, reaching $38.66. 820,357 shares of the stock were exchanged, compared to its average volume of 975,606. The firm has a 50-day simple moving average of $43.29 and a 200 day simple moving average of $44.22. Sprott Physical Gold and Silver Trust has a fifty-two week low of $36.16 and a fifty-two week high of $61.38.
About Sprott Physical Gold and Silver Trust
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.
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