Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Reaches New 12-Month High – Still a Buy?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.83 and last traded at $26.76, with a volume of 694135 shares traded. The stock had previously closed at $26.41.

Sprott Physical Gold and Silver Trust Trading Up 1.3 %

Institutional Trading of Sprott Physical Gold and Silver Trust

A number of hedge funds have recently made changes to their positions in the business. Franklin Resources Inc. acquired a new position in Sprott Physical Gold and Silver Trust in the 3rd quarter valued at about $642,000. CENTRAL TRUST Co grew its position in shares of Sprott Physical Gold and Silver Trust by 0.7% in the fourth quarter. CENTRAL TRUST Co now owns 7,881,481 shares of the company’s stock valued at $187,264,000 after purchasing an additional 52,369 shares during the last quarter. Pacific Sage Partners LLC bought a new position in shares of Sprott Physical Gold and Silver Trust during the fourth quarter worth approximately $6,812,000. PFG Investments LLC lifted its holdings in Sprott Physical Gold and Silver Trust by 4.7% during the 3rd quarter. PFG Investments LLC now owns 471,127 shares of the company’s stock worth $11,538,000 after purchasing an additional 21,129 shares during the last quarter. Finally, Cibc World Market Inc. boosted its stake in Sprott Physical Gold and Silver Trust by 25.3% in the 4th quarter. Cibc World Market Inc. now owns 622,744 shares of the company’s stock valued at $14,796,000 after purchasing an additional 125,849 shares during the period.

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.