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Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF) Hits New 52-Week High - Here's Why

Sprott Physical Gold and Silver Trust logo with Miscellaneous background

Shares of Sprott Physical Gold and Silver Trust (NYSEAMERICAN:CEF - Get Free Report) hit a new 52-week high on Friday . The company traded as high as $28.61 and last traded at $28.55, with a volume of 154285 shares trading hands. The stock had previously closed at $27.97.

Sprott Physical Gold and Silver Trust Stock Up 2.8 %

The stock's 50 day moving average price is $27.17 and its two-hundred day moving average price is $25.46.

Hedge Funds Weigh In On Sprott Physical Gold and Silver Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MML Investors Services LLC boosted its holdings in Sprott Physical Gold and Silver Trust by 4.6% in the third quarter. MML Investors Services LLC now owns 91,118 shares of the company's stock valued at $2,231,000 after acquiring an additional 4,029 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Sprott Physical Gold and Silver Trust during the 3rd quarter worth about $209,000. World Investment Advisors LLC acquired a new stake in shares of Sprott Physical Gold and Silver Trust in the 3rd quarter valued at approximately $300,000. Franklin Resources Inc. acquired a new position in Sprott Physical Gold and Silver Trust during the third quarter valued at approximately $642,000. Finally, JPMorgan Chase & Co. raised its holdings in Sprott Physical Gold and Silver Trust by 23.4% in the third quarter. JPMorgan Chase & Co. now owns 187,957 shares of the company's stock worth $4,603,000 after purchasing an additional 35,676 shares during the period.

About Sprott Physical Gold and Silver Trust

(Get Free Report)

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.

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