Ignite Planners LLC Invests $512,000 in Sprott Physical Silver Trust $PSLV

Ignite Planners LLC acquired a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 21,650 shares of the exchange traded fund’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PSLV. NewEdge Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 23.2% during the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 12,810 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of Sprott Physical Silver Trust by 5.2% in the 2nd quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 5,081 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of Sprott Physical Silver Trust by 24.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 14,484 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after purchasing an additional 3,582,153 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Sprott Physical Silver Trust by 4.7% during the 2nd quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock valued at $5,693,000 after purchasing an additional 20,856 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 1.7%

Shares of NYSEARCA:PSLV opened at $24.24 on Friday. The company’s fifty day moving average is $24.65 and its 200 day moving average is $24.32. Sprott Physical Silver Trust has a 52 week low of $11.03 and a 52 week high of $38.13.

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.