SlateStone Wealth LLC Makes New Investment in Sprott Physical Silver Trust $PSLV

SlateStone Wealth LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 45,000 shares of the exchange traded fund’s stock, valued at approximately $1,064,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSLV. Jane Street Group LLC lifted its stake in shares of Sprott Physical Silver Trust by 163.6% in the 2nd 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. Jupiter Asset Management Ltd. lifted its stake in shares of Sprott Physical Silver Trust by 29.0% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after purchasing an additional 2,203,767 shares during the period. Alps Advisors Inc. lifted its stake in shares of Sprott Physical Silver Trust by 118.7% in the 3rd quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock valued at $47,927,000 after purchasing an additional 1,657,153 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Sprott Physical Silver Trust by 40.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,145,283 shares of the exchange traded fund’s stock valued at $27,086,000 after purchasing an additional 327,169 shares during the period. Finally, WIT Partners Advisory Pte. Ltd. lifted its stake in shares of Sprott Physical Silver Trust by 61.8% in the 4th quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after purchasing an additional 323,722 shares during the period.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $21.53 on Friday. The business’s 50-day moving average is $24.52 and its 200-day moving average is $24.82. Sprott Physical Silver Trust has a 1 year low of $11.91 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.