Valmark Advisers’s Sprott Physical Gold and Silver Trust CEF Stock Holding History

Valmark Advisers’s Portfolio CEF Stock Details CEF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-10,000	Closed	-$127K	–	189
2017 Q3	$127K	Hold	10,000	–	–	﹤0.01%	80
2017 Q2	$123K	Hold	10,000	–	–	﹤0.01%	78
2017 Q1	$129K	Sell	10,000 -328	-3%	-$4.07K	﹤0.01%	74
2016 Q4	$117K	Hold	10,328	–	–	﹤0.01%	75
2016 Q3	$143K	Sell	10,328 -498	-5%	-$7.03K	﹤0.01%	74
2016 Q2	$150K	Hold	10,826	–	–	﹤0.01%	71
2016 Q1	$130K	Sell	10,826 -46	-0.4%	-$525	﹤0.01%	69
2015 Q4	$109K	Sell	10,872 -249	-2%	-$2.64K	﹤0.01%	66
2015 Q3	$118K	Buy	11,121 +139	+1%	+$1.51K	﹤0.01%	61
2015 Q2	$128K	Hold	10,982	–	–	﹤0.01%	60
2015 Q1	$131K	Buy	+10,982	New	+$135K	﹤0.01%	58

Other funds holding CEF

WAM

Weiss Asset Management Boston, Massachusetts $9.54B AUM 55.06% 1-Year Est. Return

PAMP

Polar Asset Management Partners Toronto, Ontario, Canada $6.07B AUM 34.81% 1-Year Est. Return

Parallax Volatility Advisers San Francisco, California $58.9B AUM 51.73% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

CTC

Central Trust Company Jefferson City, Missouri $5.53B AUM 28.94% 1-Year Est. Return

OTC

Opera Trading Capital Paris, France $419M AUM 0.58% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $672B AUM 33.48% 1-Year Est. Return

Sprott Inc Toronto, Ontario, Canada $3.15B AUM 70.1% 1-Year Est. Return

HighTower Advisors Chicago, Illinois $104B AUM 28.3% 1-Year Est. Return

AGM

Alpine Global Management New York $615M AUM 34.28% 1-Year Est. Return

Valmark Advisers's CEF Position: Q4 2017 in Review

Valmark Advisers sold out of Sprott Physical Gold and Silver Trust (CEF) in Q4 2017, closing a stake of 10,000 shares — an estimated $127K sold.

Valmark Advisers first reported a position in CEF in Q1 2015 and held it in 11 quarters. The position peaked at $150K in Q2 2016. 176 funds tracked by Wall St. Rank hold CEF as of Q4 2017.

Valmark Advisers reported no remaining Sprott Physical Gold and Silver Trust position as of Q4 2017 after selling out during the quarter.
Valmark Advisers sold 10,000 Sprott Physical Gold and Silver Trust shares in Q4 2017, an estimated $127K.
Valmark Advisers first reported a position in Sprott Physical Gold and Silver Trust in Q1 2015 and held it in 11 quarters.
Valmark Advisers's Sprott Physical Gold and Silver Trust position peaked at $150K in Q2 2016.
176 funds tracked by Wall St. Rank held Sprott Physical Gold and Silver Trust as of Q4 2017.

Based on Valmark Advisers's 13F filing for Q4 2017, filed 9 Feb 2018.