Gradient Investments LLC Has $2.55 Million Stock Position in Sprott Physical Silver Trust $PSLV

Gradient Investments LLC cut its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 25.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,005 shares of the exchange traded fund’s stock after selling 44,938 shares during the period. Gradient Investments LLC’s holdings in Sprott Physical Silver Trust were worth $2,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec boosted its stake in Sprott Physical Silver Trust by 4.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock valued at $403,725,000 after purchasing an additional 681,981 shares during the last quarter. IMC Chicago LLC raised its stake in shares of Sprott Physical Silver Trust by 5,217.0% in the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after purchasing an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Sprott Physical Silver Trust in the first quarter valued at approximately $199,763,000. Jane Street Group LLC lifted its holdings in shares of 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 valued at $70,650,000 after purchasing an additional 3,582,153 shares in the last quarter. Finally, Alps Advisors Inc. boosted its position in shares of Sprott Physical Silver Trust by 76.5% during the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after buying an additional 2,334,928 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of Sprott Physical Silver Trust stock opened at $20.82 on Monday. The stock has a fifty day simple moving average of $19.89 and a 200 day simple moving average of $23.95. Sprott Physical Silver Trust has a 12-month low of $12.61 and a 12-month 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.