Wealthcare Advisory Partners LLC Lowers Holdings in Sprott Physical Gold and Silver Trust $CEF

Wealthcare Advisory Partners LLC reduced its stake in shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) by 15.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 79,900 shares of the company’s stock after selling 14,941 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Sprott Physical Gold and Silver Trust were worth $3,214,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CEF. Litman Gregory Wealth Management LLC acquired a new stake in Sprott Physical Gold and Silver Trust during the fourth quarter worth about $30,000. Bard Associates Inc. acquired a new position in Sprott Physical Gold and Silver Trust in the fourth quarter valued at approximately $69,000. Sound Income Strategies LLC lifted its holdings in Sprott Physical Gold and Silver Trust by 93.7% in the first quarter. Sound Income Strategies LLC now owns 1,439 shares of the company’s stock valued at $70,000 after acquiring an additional 696 shares during the period. Contravisory Investment Management Inc. purchased a new stake in Sprott Physical Gold and Silver Trust in the 1st quarter worth approximately $74,000. Finally, Laurel Wealth Advisors LLC purchased a new stake in Sprott Physical Gold and Silver Trust in the 4th quarter worth approximately $78,000.

Sprott Physical Gold and Silver Trust Stock Up 1.0%

Shares of NYSEAMERICAN CEF opened at $45.01 on Thursday. The firm’s 50 day simple moving average is $41.67 and its 200-day simple moving average is $47.00. Sprott Physical Gold and Silver Trust has a 12 month low of $30.58 and a 12 month 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.