Sprott Inc. Acquires 495,791 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Sprott Inc. increased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 35.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,892,049 shares of the exchange traded fund’s stock after acquiring an additional 495,791 shares during the period. Sprott Physical Silver Trust comprises about 1.1% of Sprott Inc.’s investment portfolio, making the stock its 26th biggest position. Sprott Inc. owned 0.39% of Sprott Physical Silver Trust worth $18,258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Equinox Partners Investment Management LLC acquired a new stake in Sprott Physical Silver Trust in the 4th quarter valued at $5,192,000. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Sprott Physical Silver Trust by 23.6% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 336,046 shares of the exchange traded fund’s stock valued at $3,243,000 after acquiring an additional 64,226 shares during the period. Pekin Hardy Strauss Inc. boosted its stake in shares of Sprott Physical Silver Trust by 9.5% in the 4th quarter. Pekin Hardy Strauss Inc. now owns 756,880 shares of the exchange traded fund’s stock valued at $7,304,000 after purchasing an additional 65,670 shares in the last quarter. Capital City Trust Co. FL bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter worth about $264,000. Finally, Sigma Planning Corp increased its position in shares of Sprott Physical Silver Trust by 3.8% during the 4th quarter. Sigma Planning Corp now owns 101,064 shares of the exchange traded fund’s stock worth $975,000 after purchasing an additional 3,660 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $10.73 on Wednesday. Sprott Physical Silver Trust has a 12-month low of $7.45 and a 12-month high of $11.77. The firm has a 50-day moving average price of $10.35 and a 200 day moving average price of $10.39.

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.