Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Large Volume Increase – Still a Buy?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares saw strong trading volume on Friday . 1,018,234 shares traded 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 1.5%

The firm’s 50 day moving average is $33.65 and its 200-day moving average is $30.98.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CEF. GAMMA Investing LLC raised its holdings in Sprott Physical Gold and Silver Trust by 2,741.0% in the 1st quarter. GAMMA Investing LLC now owns 56,820 shares of the company’s stock worth $1,614,000 after acquiring an additional 54,820 shares during the period. Matauro LLC raised its holdings in Sprott Physical Gold and Silver Trust by 16.8% in the 1st quarter. Matauro LLC now owns 416,432 shares of the company’s stock worth $11,831,000 after acquiring an additional 59,805 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Sprott Physical Gold and Silver Trust by 47.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 212,738 shares of the company’s stock worth $6,044,000 after acquiring an additional 68,609 shares during the period. Tcfg Wealth Management LLC raised its holdings in Sprott Physical Gold and Silver Trust by 209.4% in the 1st quarter. Tcfg Wealth Management LLC now owns 56,850 shares of the company’s stock worth $1,615,000 after acquiring an additional 38,475 shares during the period. Finally, Mission Wealth Management LP bought a new position in Sprott Physical Gold and Silver Trust in the 1st quarter worth $325,000.

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.