Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped down prior to trading on Friday . The stock had previously closed at $36.29, but opened at $30.68. Sprott Physical Silver Trust shares last traded at $31.3590, with a volume of 6,880,544 shares traded.

Sprott Physical Silver Trust Stock Performance

The business’s 50 day moving average price is $24.54 and its two-hundred day moving average price is $18.10.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several hedge funds have recently made changes to their positions in PSLV. NewEdge Advisors LLC raised its holdings in Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 12,810 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of Sprott Physical Silver Trust by 10.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 24,359 shares of the exchange traded fund’s stock valued at $298,000 after buying an additional 2,265 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter worth about $56,000. Matauro LLC purchased a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter worth about $237,000. Finally, Ameritas Advisory Services LLC increased its stake in shares of Sprott Physical Silver Trust by 76.3% in the 2nd quarter. Ameritas Advisory Services LLC now owns 109,264 shares of the exchange traded fund’s stock worth $1,337,000 after acquiring an additional 47,299 shares in the last quarter.

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.