Waddell & Associates LLC Raises Holdings in Sprott Physical Silver Trust $PSLV

Waddell & Associates LLC raised its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 15.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,385 shares of the exchange traded fund’s stock after acquiring an additional 48,577 shares during the quarter. Sprott Physical Silver Trust makes up about 0.5% of Waddell & Associates LLC’s portfolio, making the stock its 22nd biggest position. Waddell & Associates LLC’s holdings in Sprott Physical Silver Trust were worth $5,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. boosted its holdings in shares of Sprott Physical Silver Trust by 29.0% in the 3rd 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 in the last quarter. Jane Street Group LLC grew its holdings in 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 position 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 purchasing an additional 1,657,153 shares in the last quarter. Capital Wealth Alliance LLC lifted its holdings in shares of Sprott Physical Silver Trust by 0.5% during 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 purchasing an additional 12,196 shares during the last quarter. Finally, 3EDGE Asset Management LP acquired a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth $34,374,000.

Sprott Physical Silver Trust Stock Down 2.9%

Shares of NYSEARCA:PSLV opened at $28.75 on Wednesday. The business’s 50-day moving average is $27.10 and its 200 day moving average is $19.87. Sprott Physical Silver Trust has a 1 year low of $9.97 and a 1 year 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.