Cambridge Investment Research Advisors Inc. Acquires 327,169 Shares of Sprott Physical Silver Trust $PSLV

Cambridge Investment Research Advisors Inc. boosted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 40.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,145,283 shares of the exchange traded fund’s stock after purchasing an additional 327,169 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $27,086,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PSLV. NewEdge Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 23.2% during the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 12,810 shares during the period. Cerity Partners LLC increased its position in shares of Sprott Physical Silver Trust by 5.2% during the second quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 5,081 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of Sprott Physical Silver Trust by 24.0% during the second quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 14,484 shares during the period. Jane Street Group LLC increased its position in shares of Sprott Physical Silver Trust by 163.6% during the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after purchasing an additional 3,582,153 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Sprott Physical Silver Trust by 4.7% during the second quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock valued at $5,693,000 after purchasing an additional 20,856 shares during the period.

Sprott Physical Silver Trust Stock Performance

PSLV opened at $25.00 on Tuesday. Sprott Physical Silver Trust has a 1 year low of $10.81 and a 1 year high of $38.13. The stock’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $24.14.

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.