Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $19.44, but opened at $18.42. Sprott Physical Silver Trust shares last traded at $18.6290, with a volume of 6,240,671 shares trading hands.
Sprott Physical Silver Trust Price Performance
The stock’s 50 day moving average is $23.92 and its two-hundred day moving average is $25.16.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Sprott Physical Silver Trust in the 4th quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $27,000. Purpose Unlimited Inc. bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $28,000. Strategic Advocates LLC acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $29,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $31,000.
About Sprott Physical Silver Trust
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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