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

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) shares hit a new 52-week high during trading on Friday . The stock traded as high as $28.26 and last traded at $28.04, with a volume of 440925 shares changing hands. The stock had previously closed at $28.06.

Sprott Physical Gold and Silver Trust Price Performance

The company has a 50-day simple moving average of $26.42.

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

Several institutional investors have recently added to or reduced their stakes in CEF. Laurel Wealth Advisors LLC purchased a new stake in shares of Sprott Physical Gold and Silver Trust during the fourth quarter valued at $52,000. Chapman Financial Group LLC purchased a new stake in Sprott Physical Gold and Silver Trust during the 4th quarter valued at about $67,000. Duncker Streett & Co. Inc. purchased a new stake in Sprott Physical Gold and Silver Trust during the 4th quarter valued at about $107,000. Harbour Investments Inc. increased its holdings in shares of Sprott Physical Gold and Silver Trust by 11.1% in the fourth quarter. Harbour Investments Inc. now owns 5,304 shares of the company’s stock valued at $126,000 after purchasing an additional 530 shares during the period. Finally, Addison Advisors LLC raised its stake in shares of Sprott Physical Gold and Silver Trust by 25.3% in the fourth quarter. Addison Advisors LLC now owns 5,940 shares of the company’s stock worth $141,000 after purchasing an additional 1,200 shares during 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.