Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sets New 52-Week High - Here's What Happened

Key Points

• Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) reached a new 52-week high of $36.40, reflecting a 2.1% increase from its previous close.
• Recent institutional activity includes significant purchases, with CWM LLC increasing its stake by 139.0% in the second quarter, highlighting growing interest in the trust.
• The trust operates as a closed-ended investment fund and is headquartered in Toronto, Canada, having been established in 2017.

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - ) hit a new 52-week high on Monday . The company traded as high as $36.40 and last traded at $36.40, with a volume of 51397 shares trading hands. The stock had previously closed at $35.88.

Sprott Physical Gold and Silver Trust Stock Up 2.1%

The stock has a 50 day moving average price of $32.34 and a two-hundred day moving average price of $30.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in Sprott Physical Gold and Silver Trust by 139.0% in the second quarter. CWM LLC now owns 956 shares of the company's stock valued at $29,000 after purchasing an additional 556 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the 1st quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter worth about $42,000. Atlantic Union Bankshares Corp purchased a new stake in Sprott Physical Gold and Silver Trust during the 2nd quarter worth about $42,000. Finally, Advantage Trust Co lifted its holdings in 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 buying an additional 400 shares during 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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