Sprott Physical Gold and Silver Trust $CEF Stock: Cornerstone Wealth Management LLC Reduces Position

Cornerstone Wealth Management LLC trimmed its position in Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 68.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,328 shares of the company’s stock after selling 28,575 shares during the period. Cornerstone Wealth Management LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $554,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hohimer Wealth Management LLC grew its holdings in Sprott Physical Gold and Silver Trust by 80.8% in the 3rd quarter. Hohimer Wealth Management LLC now owns 95,399 shares of the company’s stock valued at $3,963,000 after buying an additional 42,630 shares during the period. Almanack Investment Partners LLC. raised its holdings in shares of Sprott Physical Gold and Silver Trust by 20.7% in the 3rd quarter. Almanack Investment Partners LLC. now owns 20,426 shares of the company’s stock worth $848,000 after purchasing an additional 3,500 shares during the period. M Holdings Securities Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $216,000. Ethic Inc. purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $1,344,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Sprott Physical Gold and Silver Trust during the 3rd quarter worth approximately $7,128,000.

Sprott Physical Gold and Silver Trust Price Performance

CEF opened at $36.82 on Friday. Sprott Physical Gold and Silver Trust has a 1 year low of $36.57 and a 1 year high of $61.38. The firm has a 50 day moving average price of $41.02 and a 200 day moving average price of $45.26.

Sprott Physical Gold and Silver Trust Company Profile

Sprott Physical Gold and Silver Trust is a closed-end investment trust that provides investors with exposure to physical gold and silver. Rather than operating a conventional business, the trust holds bullion on behalf of its unitholders. The trust invests primarily in unencumbered, fully allocated gold and silver bullion. Its holdings are stored at the Royal Canadian Mint, and its units are listed on the NYSE American and the Toronto Stock Exchange. The trust traces its origins to Central Fund of Canada, which Sprott acquired in 2017 before reorganizing it as Sprott Physical Gold and Silver Trust.