Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sets New 12-Month High – Time to Buy?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $27.23 and last traded at $27.20, with a volume of 495235 shares. The stock had previously closed at $26.96.

Sprott Physical Gold and Silver Trust Stock Up 0.7 %

The stock’s 50-day simple moving average is $25.53.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CEF. Coastline Trust Co bought a new position in Sprott Physical Gold and Silver Trust in the 3rd quarter worth $43,000. Missouri Trust & Investment Co lifted its position in shares of Sprott Physical Gold and Silver Trust by 57.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 1,833 shares of the company’s stock valued at $45,000 after buying an additional 672 shares in the last quarter. Laurel Wealth Advisors LLC bought a new position in shares of Sprott Physical Gold and Silver Trust during the 4th quarter valued at approximately $52,000. Chapman Financial Group LLC bought a new stake in Sprott Physical Gold and Silver Trust during the 4th quarter worth approximately $67,000. Finally, Duncker Streett & Co. Inc. purchased a new position in Sprott Physical Gold and Silver Trust during the fourth quarter valued at approximately $107,000.

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.