Weiss Asset Management LP acquired a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 8,190,370 shares of the exchange traded fund’s stock, valued at approximately $199,763,000. Sprott Physical Silver Trust accounts for about 3.4% of Weiss Asset Management LP’s holdings, making the stock its 4th largest position.
Several other large investors also recently modified their holdings of PSLV. Enclave Advisors LLC bought a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $4,795,000. JPMorgan Chase & Co. boosted its holdings in shares of Sprott Physical Silver Trust by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock worth $2,292,000 after acquiring an additional 30,062 shares during the period. Ignite Planners LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth approximately $512,000. Wealthcare Advisory Partners LLC boosted its holdings in shares of Sprott Physical Silver Trust by 16.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 352,808 shares of the exchange traded fund’s stock worth $8,344,000 after acquiring an additional 49,793 shares during the period. Finally, World Investment Advisors grew its position in shares of Sprott Physical Silver Trust by 15.4% in the fourth quarter. World Investment Advisors now owns 889,940 shares of the exchange traded fund’s stock valued at $21,047,000 after purchasing an additional 118,445 shares during the last quarter.
Sprott Physical Silver Trust Trading Up 1.1%
Shares of NYSEARCA PSLV opened at $18.73 on Friday. Sprott Physical Silver Trust has a 1-year low of $12.32 and a 1-year high of $38.13. The business’s 50 day moving average is $20.89 and its 200-day moving average is $24.58.
Sprott Physical Silver Trust 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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