Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Shares of Sprott Physical Gold and Silver Trust experienced a significant trading volume increase of 50%, reaching approximately 1,018,234 shares on Friday, with the stock trading at $38.32.
• Several institutional investors have recently adjusted their holdings, with CWM LLC increasing its stake by 139% in the second quarter, along with new positions taken by other firms valued at around $36,000 to $42,000.
• The trust operates as a closed-ended investment fund, established on October 26, 2017, and is headquartered in Toronto, Canada.

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - ) saw unusually-high trading volume on Friday . Approximately 1,018,234 shares changed hands during mid-day trading, an increase of 50% from the previous session's volume of 679,218 shares.The stock last traded at $38.32 and had previously closed at $37.92.

Sprott Physical Gold and Silver Trust Stock Up 0.9%

The stock's fifty day moving average price is $33.50 and its 200-day moving average price is $30.88.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC raised its holdings 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 valued at $29,000 after acquiring an additional 556 shares during the period. Atlas Capital Advisors Inc. bought a new position in Sprott Physical Gold and Silver Trust in the 1st quarter valued at about $36,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Sprott Physical Gold and Silver Trust in the 2nd quarter valued at about $42,000. Atlantic Union Bankshares Corp acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter worth approximately $42,000. Finally, Advantage Trust Co grew its position in shares of Sprott Physical Gold and Silver Trust by 28.6% during the 2nd quarter. Advantage Trust Co now owns 1,800 shares of the company's stock worth $54,000 after purchasing an additional 400 shares in the last quarter.

About Sprott Physical Gold and Silver Trust

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.

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