CENTRAL TRUST Co cut its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 97.1% in the third quarter, Holdings Channel reports. The firm owned 315,063 shares of the exchange traded fund’s stock after selling 10,414,659 shares during the period. CENTRAL TRUST Co’s holdings in Sprott Physical Silver Trust were worth $6,103,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. IMC Chicago LLC increased its stake in Sprott Physical Silver Trust by 5,217.0% during the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $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 in the first quarter worth $199,763,000. Alps Advisors Inc. raised its holdings in shares of Sprott Physical Silver Trust by 10.8% in the third quarter. Alps Advisors Inc. now owns 6,400,186 shares of the exchange traded fund’s stock worth $123,972,000 after buying an additional 622,980 shares during the last quarter. WIT Partners Advisory Pte. Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 24.9% in the second quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock worth $23,739,000 after buying an additional 250,473 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its stake in shares of Sprott Physical Silver Trust by 35.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 206,374 shares during the period.
Sprott Physical Silver Trust Trading Down 3.5%
NYSEARCA:PSLV opened at $16.15 on Friday. Sprott Physical Silver Trust has a 12 month low of $15.78 and a 12 month high of $38.13. The firm has a fifty day simple moving average of $19.13 and a 200-day simple moving average of $22.38.
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.
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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).
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