United Capital Management of KS Inc. bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 26,531 shares of the exchange traded fund’s stock, valued at approximately $627,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PSLV. NewEdge Advisors LLC increased its stake in shares of Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 12,810 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Sprott Physical Silver Trust by 5.2% in the second quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after buying an additional 5,081 shares in the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of Sprott Physical Silver Trust by 24.0% in the second quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after buying an additional 14,484 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Sprott Physical Silver Trust by 163.6% in the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after buying an additional 3,582,153 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Sprott Physical Silver Trust by 4.7% in the second quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock valued at $5,693,000 after buying an additional 20,856 shares in the last quarter.
Sprott Physical Silver Trust Stock Performance
Shares of NYSEARCA:PSLV opened at $21.56 on Friday. Sprott Physical Silver Trust has a twelve month low of $11.91 and a twelve month high of $38.13. The business has a fifty day moving average of $24.30 and a 200-day moving average of $24.97.
Sprott Physical Silver Trust Company Profile
Sprott Physical Silver Trust is a closed-end investment trust company, which engages in the provision of a secure, convenient, and exchange-traded investment alternative for investors interested in holding physical silver bullion without the inconvenience that is typical of a direct investment in physical silver bullion. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.
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Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report).
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