Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Sees Strong Trading Volume

Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF – Get Rating) saw unusually-high trading volume on Friday . Approximately 1,351,628 shares changed hands during trading, an increase of 178% from the previous session’s volume of 486,704 shares.The stock last traded at $18.51 and had previously closed at $17.81.

Sprott Physical Gold and Silver Trust Stock Up 3.8 %

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CEF. Ruedi Wealth Management Inc. bought a new stake in Sprott Physical Gold and Silver Trust in the fourth quarter valued at $36,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sprott Physical Gold and Silver Trust by 8.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 165,443 shares of the company’s stock valued at $2,966,000 after acquiring an additional 13,331 shares during the period. Truist Financial Corp grew its stake in shares of Sprott Physical Gold and Silver Trust by 14.9% during the 4th quarter. Truist Financial Corp now owns 110,385 shares of the company’s stock valued at $1,979,000 after acquiring an additional 14,300 shares during the period. CreativeOne Wealth LLC boosted its stake in Sprott Physical Gold and Silver Trust by 4.6% in the 4th quarter. CreativeOne Wealth LLC now owns 24,696 shares of the company’s stock worth $443,000 after purchasing an additional 1,086 shares during the period. Finally, CI Private Wealth LLC bought a new position in Sprott Physical Gold and Silver Trust in the 4th quarter worth approximately $436,000.

Sprott Physical Gold and Silver Trust Company Profile

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Sprott Physical Gold & Silver Trust operates as closed-end investment fund/investment trust. Its investment objective is to invest and hold substantially all assets in physical gold bullion and silver bullion. The company was founded on October 26, 2017 and is headquartered in Toronto, Canada.