Investors Asset Management of Georgia Inc. GA ADV Makes New $581,000 Investment in Sprott Physical Silver Trust $PSLV

Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 30,000 shares of the exchange traded fund’s stock, valued at approximately $581,000.

A number of other hedge funds have also modified their holdings of PSLV. IMC Chicago LLC raised its holdings in shares of Sprott Physical Silver Trust by 5,217.0% during the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after acquiring an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP acquired a new stake in Sprott Physical Silver Trust during the first quarter valued at $199,763,000. Kestra Advisory Services LLC boosted its position in Sprott Physical Silver Trust by 5.2% during the first quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock valued at $40,613,000 after purchasing an additional 81,917 shares during the last quarter. WIT Partners Advisory Pte. Ltd. boosted its position in Sprott Physical Silver Trust by 24.9% during the second quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock valued at $23,739,000 after purchasing an additional 250,473 shares during the last quarter. Finally, World Investment Advisors grew its stake in Sprott Physical Silver Trust by 12.8% in the first quarter. World Investment Advisors now owns 1,003,630 shares of the exchange traded fund’s stock valued at $24,479,000 after purchasing an additional 113,690 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV traded up $0.19 on Tuesday, reaching $18.67. The stock had a trading volume of 2,399,911 shares, compared to its average volume of 12,310,906. Sprott Physical Silver Trust has a 1 year low of $15.06 and a 1 year high of $38.13. The business has a 50 day moving average price of $20.83 and a 200 day moving average price of $21.66.

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.