IMC Chicago LLC Buys New Stake in Sprott Physical Silver Trust $PSLV

IMC Chicago LLC bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 241,742 shares of the exchange traded fund’s stock, valued at approximately $5,717,000.

Other large investors also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth $25,000. Private Trust Co. NA lifted its stake in shares of Sprott Physical Silver Trust by 218.4% during the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 1,166 shares during the period. Strategic Advocates LLC purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth $29,000. Franklin Resources Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth $39,000. Finally, Quilter Plc purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth $53,000.

Sprott Physical Silver Trust Price Performance

Shares of Sprott Physical Silver Trust stock opened at $23.85 on Friday. Sprott Physical Silver Trust has a fifty-two week low of $10.72 and a fifty-two week high of $38.13. The business’s fifty day moving average is $25.45 and its two-hundred day moving average is $23.38.

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.