Grand Central Investment Group Trims Position in Sprott Physical Silver Trust $PSLV

Grand Central Investment Group lessened its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLVFree Report) by 42.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 452,087 shares of the exchange traded fund’s stock after selling 336,582 shares during the period. Sprott Physical Silver Trust accounts for approximately 8.2% of Grand Central Investment Group’s holdings, making the stock its 2nd biggest position. Grand Central Investment Group’s holdings in Sprott Physical Silver Trust were worth $11,026,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PSLV. Jane Street Group LLC lifted its position 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 worth $70,650,000 after buying an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. grew its holdings in Sprott Physical Silver Trust by 76.5% during the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after buying an additional 2,334,928 shares in the last quarter. Hatch Cove Capital LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $18,705,000. Federation des caisses Desjardins du Quebec raised its holdings in shares of Sprott Physical Silver Trust by 4.2% during 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 in the last quarter. Finally, Asset One Wealth Management LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $16,792,000.

Sprott Physical Silver Trust Trading Down 1.1%

NYSEARCA PSLV opened at $18.52 on Tuesday. The stock has a 50 day moving average price of $23.36 and a 200-day moving average price of $25.13. Sprott Physical Silver Trust has a one year low of $12.17 and a one year high of $38.13.

Sprott Physical Silver Trust Company Profile

(Free Report)

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.

Read More

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:PSLVFree Report).

Institutional Ownership by Quarter for Sprott Physical Silver Trust (NYSEARCA:PSLV)

Receive News & Ratings for Sprott Physical Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Physical Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.