Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Reaches New 1-Year High – What’s Next?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.73 and last traded at $44.4970, with a volume of 320423 shares traded. The stock had previously closed at $43.83.

Sprott Physical Gold and Silver Trust Stock Up 2.2%

The company’s 50 day moving average price is $39.61 and its 200-day moving average price is $34.67.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

A number of institutional investors and hedge funds have recently modified their holdings of CEF. Bessemer Group Inc. purchased a new position in Sprott Physical Gold and Silver Trust during the third quarter valued at approximately $28,000. CWM LLC lifted its position in Sprott Physical Gold and Silver Trust by 139.0% in the 2nd quarter. CWM LLC now owns 956 shares of the company’s stock worth $29,000 after buying an additional 556 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Sprott Physical Gold and Silver Trust by 602.5% during the 3rd quarter. Assetmark Inc. now owns 843 shares of the company’s stock valued at $31,000 after buying an additional 723 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter valued at $42,000. Finally, Atlantic Union Bankshares Corp purchased a new position in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter valued at $42,000.

Sprott Physical Gold and Silver Trust Company Profile

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