Sprott Physical Silver Trust (NYSEARCA:PSLV) Reaches New 52-Week High – Should You Buy?

Sprott Physical Silver Trust (NYSEARCA:PSLVGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $20.10 and last traded at $20.07, with a volume of 19167272 shares traded. The stock had previously closed at $19.38.

Sprott Physical Silver Trust Trading Up 3.6%

The business has a 50-day moving average of $17.01 and a 200-day moving average of $14.39.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several large investors have recently made changes to their positions in the company. Strategic Advocates LLC bought a new position in Sprott Physical Silver Trust during the third quarter valued at approximately $29,000. Greenfield Seitz Capital Management LLC increased its stake in shares of Sprott Physical Silver Trust by 63.1% during the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 46,800 shares of the exchange traded fund’s stock worth $735,000 after purchasing an additional 18,100 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in shares of Sprott Physical Silver Trust during the 3rd quarter valued at $379,000. Sunbelt Securities Inc. lifted its stake in shares of Sprott Physical Silver Trust by 27.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 21,098 shares of the exchange traded fund’s stock valued at $331,000 after purchasing an additional 4,498 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in shares of Sprott Physical Silver Trust by 1.4% in the 3rd quarter. Advisory Services Network LLC now owns 519,072 shares of the exchange traded fund’s stock valued at $8,149,000 after purchasing an additional 7,346 shares during the last quarter.

About Sprott Physical Silver Trust

(Get 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.

See Also

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.