Beaumont Financial Advisors LLC Increases Stake in Sprott Physical Gold and Silver Trust

Beaumont Financial Advisors LLC has announced a 2.2% increase in its stake in the Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Free Report) during the fourth quarter. According to their latest filing with the SEC, the institutional investor now holds 526,627 shares of Sprott Physical Gold and Silver Trust after acquiring an additional 11,454 shares in this period. This investment accounts for approximately 0.9% of Beaumont Financial Advisors LLC's overall portfolio, making it the 29th largest position within their holdings. The value of their investment in the Sprott Trust stands at $12,513,000 as per their recent SEC filing.

Other institutional investors have also adjusted their positions in Sprott Physical Gold and Silver Trust. Coastline Trust Co established a new investment during the third quarter, totaling around $43,000. Additionally, Missouri Trust & Investment Co increased its position by 57.9% in the same quarter, and now holds 1,833 shares valued at $45,000 after adding 672 shares. Also, Laurel Wealth Advisors LLC has put money into the trust, purchasing around $52,000 worth of shares in the fourth quarter. JNBA Financial Advisors made a significant increase to its holdings, with an increase of 812.8% during the third quarter, now owning 3,706 shares worth $91,000 after buying 3,300 additional shares. Finally, Perkins Coie Trust Co acquired a new stake in the trust valued at approximately $147,000 in the third quarter.

Sprott Physical Gold and Silver Trust Trading Insights

As of Wednesday, shares of Sprott Physical Gold and Silver Trust opened at $25.32. The trust's 12-month low is $18.04, while its 12-month high reached $26.50, indicating some fluctuations in its market position.

About Sprott Physical Gold and Silver Trust

Sprott Physical Gold & Silver Trust operates as a closed-end investment fund and was established on October 26, 2017. The company is headquartered in Toronto, Canada.

Considerations for Investors

Potential investors should analyze whether investing in Sprott Physical Gold and Silver Trust aligns with their financial goals. It is important to note that while this trust currently has a "Hold" rating among analysts, there are other stocks that some analysts believe present better investment opportunities. Therefore, thorough research is always advised.

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