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

Key Points

• Sprott Physical Gold and Silver Trust's stock reached a new 52-week high on Monday, trading as high as $34.29.
• Institutional investors have shown increased interest, with CWM LLC expanding its position by 139% during the 2nd quarter.
• The company's 50-day moving average is $31.49, indicating a positive trend in its stock performance.

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - )'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $34.29 and last traded at $34.26, with a volume of 49467 shares. The stock had previously closed at $34.15.

Sprott Physical Gold and Silver Trust Stock Up 0.4%

The business's 50 day moving average is $31.49 and its 200 day moving average is $29.67.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CEF. CWM LLC grew its position in Sprott Physical Gold and Silver Trust by 139.0% during the 2nd quarter. CWM LLC now owns 956 shares of the company's stock worth $29,000 after purchasing an additional 556 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Sprott Physical Gold and Silver Trust during the 1st quarter worth about $36,000. Thurston Springer Miller Herd & Titak Inc. acquired 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 shares of Sprott Physical Gold and Silver Trust during the 2nd quarter worth about $42,000. Finally, Advantage Trust Co boosted its stake 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 acquiring 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.