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

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) saw unusually-high trading volume on Monday . Approximately 588,329 shares traded 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 Up 0.7 %

Institutional Investors Weigh In On Sprott Physical Gold and Silver Trust

Several institutional investors have recently made changes to their positions in CEF. CENTRAL TRUST Co grew its stake in Sprott Physical Gold and Silver Trust by 0.8% during the third quarter. CENTRAL TRUST Co now owns 7,829,112 shares of the company’s stock worth $191,735,000 after buying an additional 63,310 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Sprott Physical Gold and Silver Trust by 12.7% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,055,164 shares of the company’s stock worth $45,316,000 after acquiring an additional 232,222 shares in the last quarter. PFG Investments LLC increased its stake in Sprott Physical Gold and Silver Trust by 4.7% in the third quarter. PFG Investments LLC now owns 471,127 shares of the company’s stock valued at $11,538,000 after acquiring an additional 21,129 shares during the last quarter. Philip James Wealth Mangement LLC acquired a new position in Sprott Physical Gold and Silver Trust during the third quarter valued at approximately $8,951,000. Finally, Bank of Montreal Can raised its position in Sprott Physical Gold and Silver Trust by 281.2% during the second quarter. Bank of Montreal Can now owns 296,538 shares of the company’s stock valued at $6,578,000 after purchasing an additional 218,745 shares in 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.