Asset One Wealth Management LLC bought a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 650,859 shares of the exchange traded fund’s stock, valued at approximately $16,792,000. Sprott Physical Silver Trust comprises 2.3% of Asset One Wealth Management LLC’s portfolio, making the stock its 9th largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSLV. Jane Street Group LLC raised its stake in Sprott Physical Silver Trust by 163.6% in the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares during the last quarter. Alps Advisors Inc. raised its stake in Sprott Physical Silver Trust by 76.5% in the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after acquiring an additional 2,334,928 shares during the last quarter. Jupiter Asset Management Ltd. raised its stake in Sprott Physical Silver Trust by 29.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after acquiring an additional 2,203,767 shares during the last quarter. Hatch Cove Capital LLC purchased a new position in Sprott Physical Silver Trust in the 4th quarter worth $18,705,000. Finally, Federation des caisses Desjardins du Quebec raised its stake in Sprott Physical Silver Trust by 4.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock worth $403,725,000 after acquiring an additional 681,981 shares during the last quarter.
Sprott Physical Silver Trust Trading Down 3.9%
NYSEARCA PSLV opened at $21.47 on Thursday. The stock has a 50-day simple moving average of $24.21 and a two-hundred day simple moving average of $25.12. Sprott Physical Silver Trust has a fifty-two week low of $11.91 and a fifty-two week high of $38.13.
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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