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

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped up prior to trading on Friday . The stock had previously closed at $31.30, but opened at $32.42. Sprott Physical Silver Trust shares last traded at $32.3620, with a volume of 3,500,792 shares trading hands.

Sprott Physical Silver Trust Stock Up 4.6%

The company has a fifty day simple moving average of $22.72 and a two-hundred day simple moving average of $17.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its stake in Sprott Physical Silver Trust by 8.0% during the third quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock worth $8,062,000 after purchasing an additional 38,084 shares during the last quarter. World Investment Advisors raised its holdings in shares of Sprott Physical Silver Trust by 38.6% during the 3rd quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock worth $12,112,000 after buying an additional 214,997 shares in the last quarter. Accordant Advisory Group Inc raised its holdings in shares of Sprott Physical Silver Trust by 3.6% during the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after buying an additional 18,410 shares in the last quarter. D.A. Davidson & CO. bought a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth $795,000. Finally, Regency Capital Management Inc. DE boosted its stake in Sprott Physical Silver Trust by 3.1% in the second quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock valued at $2,557,000 after buying an additional 6,200 shares in the last quarter.

Sprott Physical Silver Trust Company 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.