Pine Valley Investments Ltd Liability Co trimmed its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 34.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 240,335 shares of the exchange traded fund’s stock after selling 124,728 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Silver Trust were worth $5,862,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. IMC Chicago LLC lifted its stake in Sprott Physical Silver Trust by 5,217.0% in the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after purchasing an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Sprott Physical Silver Trust during the first quarter valued at about $199,763,000. Jane Street Group LLC increased its holdings in shares of 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 last quarter. Alps Advisors Inc. increased its holdings in shares of Sprott Physical Silver Trust by 76.5% in 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 purchased a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth about $18,705,000.
Sprott Physical Silver Trust Price Performance
Shares of Sprott Physical Silver Trust stock opened at $18.80 on Monday. The stock has a 50 day moving average of $20.32 and a 200 day moving average of $24.30. Sprott Physical Silver Trust has a 12 month low of $12.32 and a 12 month high of $38.13.
About Sprott Physical Silver Trust
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.
Further Reading
- Five stocks we like better than Sprott Physical Silver Trust
- 3 Fixed-Income ETFs Show Why Yield Is Only Part of the Income Story
- AbbVie Quietly Solved Its Biggest Problem—Now What?
- Rio Tinto’s Results Make the Case for Looking Beyond Tech in the AI Trade
- Strategy’s Structural Strength: Hidden in a $8 Billion Illusion
Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report).
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.
