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-strong trading volume on Monday . Approximately 588,329 shares changed hands during 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 Stock Performance

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Coastline Trust Co acquired a new stake in Sprott Physical Gold and Silver Trust during the third quarter worth approximately $43,000. Missouri Trust & Investment Co lifted its holdings in Sprott Physical Gold and Silver Trust by 57.9% during the 3rd quarter. Missouri Trust & Investment Co now owns 1,833 shares of the company’s stock worth $45,000 after purchasing an additional 672 shares during the last quarter. JNBA Financial Advisors boosted its stake in 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 during the period. Perkins Coie Trust Co acquired a new position in Sprott Physical Gold and Silver Trust in the 3rd quarter valued at $147,000. Finally, Baker Avenue Asset Management LP bought a new position in Sprott Physical Gold and Silver Trust during the 3rd quarter worth $207,000.

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.