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

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares saw unusually-high trading volume on Monday . Approximately 588,329 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 370,618 shares.The stock last traded at $24.26 and had previously closed at $24.11.

Sprott Physical Gold and Silver Trust Price Performance

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

A number of large investors have recently bought and sold shares of CEF. Coastline Trust Co bought a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth $43,000. Missouri Trust & Investment Co raised its stake in Sprott Physical Gold and Silver Trust by 57.9% during the third quarter. Missouri Trust & Investment Co now owns 1,833 shares of the company’s stock worth $45,000 after acquiring an additional 672 shares in the last quarter. JNBA Financial Advisors boosted its stake in shares of Sprott Physical Gold and Silver Trust by 812.8% in the 3rd quarter. JNBA Financial Advisors now owns 3,706 shares of the company’s stock valued at $91,000 after purchasing an additional 3,300 shares in the last quarter. Perkins Coie Trust Co bought a new stake in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter valued at approximately $147,000. Finally, Bank of New York Mellon Corp acquired a new position in Sprott Physical Gold and Silver Trust during the 2nd quarter worth approximately $206,000.

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.