Evanson Financial LLC purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,304 shares of the exchange traded fund’s stock, valued at approximately $855,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. IMC Chicago LLC boosted its holdings in Sprott Physical Silver Trust by 5,217.0% during the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $313,496,000 after acquiring an additional 12,611,729 shares during the period. Weiss Asset Management LP purchased a new stake in Sprott Physical Silver Trust in the first quarter worth $199,763,000. Jane Street Group LLC increased its stake in 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 purchasing an additional 3,582,153 shares during the period. Alps Advisors Inc. lifted its position in shares of Sprott Physical Silver Trust by 76.5% during the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after purchasing an additional 2,334,928 shares during the last quarter. Finally, Hatch Cove Capital LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth $18,705,000.
Sprott Physical Silver Trust Price Performance
Shares of PSLV opened at $20.82 on Friday. Sprott Physical Silver Trust has a 12-month low of $12.61 and a 12-month high of $38.13. The firm has a fifty day moving average price of $19.89 and a 200-day moving average price of $23.99.
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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