Bleakley Financial Group LLC raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 67.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 488,606 shares of the exchange traded fund’s stock after buying an additional 196,149 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sprott Physical Silver Trust were worth $11,917,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. TKG Advisors LLC lifted its stake in Sprott Physical Silver Trust by 3.0% in the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 356 shares during the period. Sunbelt Securities Inc. increased its position in Sprott Physical Silver Trust by 2.0% during the 4th quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock valued at $509,000 after purchasing an additional 432 shares during the period. Latitude Advisors LLC raised its holdings in Sprott Physical Silver Trust by 1.5% in the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares in the last quarter. Crane Advisory LLC raised its holdings in Sprott Physical Silver Trust by 5.2% in the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 538 shares in the last quarter. Finally, Wedbush Securities Inc. raised its holdings in Sprott Physical Silver Trust by 2.3% in the 4th quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 550 shares in the last quarter.
Sprott Physical Silver Trust Stock Down 3.1%
Shares of PSLV opened at $18.54 on Tuesday. The firm’s 50-day moving average price is $22.28 and its 200-day moving average price is $24.95. Sprott Physical Silver Trust has a 1-year low of $12.32 and a 1-year 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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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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