Cannell & Spears LLC Grows Position in Sprott Physical Silver Trust $PSLV

Cannell & Spears LLC boosted its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 11.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 393,400 shares of the exchange traded fund’s stock after buying an additional 40,400 shares during the period. Cannell & Spears LLC owned 0.07% of Sprott Physical Silver Trust worth $6,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 29.0% in the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after buying an additional 2,203,767 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Sprott Physical Silver Trust by 163.6% during 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 buying an additional 3,582,153 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Sprott Physical Silver Trust by 118.7% during the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after buying an additional 1,657,153 shares during the last quarter. Capital Wealth Alliance LLC increased its position in Sprott Physical Silver Trust by 0.5% in the 3rd quarter. Capital Wealth Alliance LLC now owns 2,462,498 shares of the exchange traded fund’s stock valued at $38,662,000 after acquiring an additional 12,196 shares during the period. Finally, 3EDGE Asset Management LP acquired a new position in Sprott Physical Silver Trust in the 3rd quarter valued at about $34,374,000.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock opened at $26.10 on Monday. The business has a 50 day simple moving average of $28.28 and a 200-day simple moving average of $21.26. Sprott Physical Silver Trust has a 12 month low of $9.97 and a 12 month high of $38.13.

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.