Alps Advisors Inc. raised its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 10.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,400,186 shares of the exchange traded fund’s stock after buying an additional 622,980 shares during the quarter. Sprott Physical Silver Trust comprises about 0.5% of Alps Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Alps Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $123,972,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Laurel Wealth Advisors LLC purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at approximately $29,000. Contravisory Investment Management Inc. acquired a new position in shares of Sprott Physical Silver Trust during the third quarter worth approximately $32,000. Trust Co. of Vermont bought a new position in shares of Sprott Physical Silver Trust during the 2nd quarter worth approximately $39,000. Costello Asset Management INC lifted its position in Sprott Physical Silver Trust by 76.5% during the first quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,300 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in Sprott Physical Silver Trust during the third quarter worth approximately $60,000.
Sprott Physical Silver Trust Stock Performance
Shares of NYSEARCA:PSLV opened at $16.84 on Friday. Sprott Physical Silver Trust has a 1 year low of $15.78 and a 1 year high of $38.13. The stock’s 50-day moving average is $19.51 and its 200 day moving average is $22.69.
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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