Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Reaches New 52-Week High – Time to Buy?

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $44.73 and last traded at $44.4970, with a volume of 320423 shares. The stock had previously closed at $43.83.

Sprott Physical Gold and Silver Trust Price Performance

The stock has a 50 day moving average of $39.61 and a 200-day moving average of $34.67.

Institutional Trading of Sprott Physical Gold and Silver Trust

A number of large investors have recently modified their holdings of the stock. Bluefin Capital Management LLC purchased a new stake in shares of Sprott Physical Gold and Silver Trust in the first quarter valued at approximately $37,797,000. International Assets Investment Management LLC purchased a new position in Sprott Physical Gold and Silver Trust in the second quarter worth $6,347,000. Belpointe Asset Management LLC lifted its holdings in Sprott Physical Gold and Silver Trust by 44.8% in the second quarter. Belpointe Asset Management LLC now owns 147,821 shares of the company’s stock valued at $4,449,000 after acquiring an additional 45,766 shares during the period. Raymond James Financial Inc. lifted its holdings in Sprott Physical Gold and Silver Trust by 1.4% in the first quarter. Raymond James Financial Inc. now owns 1,198,539 shares of the company’s stock valued at $34,050,000 after acquiring an additional 16,329 shares during the period. Finally, Midwest Trust Co purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the 2nd quarter worth $358,000.

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.