Pictet Asset Management Holding SA Grows Holdings in Sprott Physical Silver Trust $PSLV

Pictet Asset Management Holding SA lifted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 42.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 407,778 shares of the exchange traded fund’s stock after buying an additional 122,334 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.07% of Sprott Physical Silver Trust worth $9,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TKG Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 3.0% in the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after buying an additional 356 shares during the period. Latitude Advisors LLC boosted its stake in Sprott Physical Silver Trust by 1.5% in the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares in the last quarter. Crane Advisory LLC boosted its stake in Sprott Physical Silver Trust by 5.2% in the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 538 shares in the last quarter. US Bancorp DE boosted its stake in Sprott Physical Silver Trust by 3.3% in the 3rd quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 596 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc. boosted its stake in Sprott Physical Silver Trust by 3.4% in the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 622 shares in the last quarter.

Sprott Physical Silver Trust Trading Up 2.4%

Shares of Sprott Physical Silver Trust stock opened at $24.43 on Friday. The firm’s 50-day moving average is $25.45 and its 200 day moving average is $23.42. Sprott Physical Silver Trust has a 1 year low of $10.72 and a 1 year high of $38.13.

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.