Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Hits New 52-Week High - Still a Buy?

Key Points

• Sprott Physical Gold and Silver Trust achieved a new 52-week high with its share price reaching $33.90 during trading, closing at $33.82.
• Investors increased their stakes in the company, with several institutional investors making significant purchases in the second quarter, including a 28.6% increase from Advantage Trust Co.
• The stock's 50-day moving average is currently $31.21, indicating a strong upward trend in its price performance.

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $33.90 and last traded at $33.82, with a volume of 876136 shares trading hands. The stock had previously closed at $33.40.

Sprott Physical Gold and Silver Trust Stock Performance

The company's 50-day moving average price is $31.49 and its 200 day moving average price is $29.67.

Institutional Trading of Sprott Physical Gold and Silver Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new stake in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter valued at $2,992,000. MRP Capital Investments LLC raised its position in shares of Sprott Physical Gold and Silver Trust by 7.6% during the 2nd quarter. MRP Capital Investments LLC now owns 16,240 shares of the company's stock valued at $489,000 after purchasing an additional 1,150 shares during the period. Geneos Wealth Management Inc. raised its position in shares of Sprott Physical Gold and Silver Trust by 19.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 45,108 shares of the company's stock valued at $1,358,000 after purchasing an additional 7,440 shares during the period. Evergreen Capital Management LLC grew its stake in Sprott Physical Gold and Silver Trust by 1.5% during the second quarter. Evergreen Capital Management LLC now owns 441,552 shares of the company's stock valued at $13,291,000 after acquiring an additional 6,580 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in Sprott Physical Gold and Silver Trust by 97.8% during the second quarter. Corient Private Wealth LLC now owns 100,308 shares of the company's stock valued at $3,019,000 after acquiring an additional 49,584 shares in the last quarter.

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.