WIT Partners Advisory Pte. Ltd. grew its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 24.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,258,030 shares of the exchange traded fund’s stock after acquiring an additional 250,473 shares during the quarter. Sprott Physical Silver Trust comprises 11.1% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its 3rd largest holding. WIT Partners Advisory Pte. Ltd. owned 0.20% of Sprott Physical Silver Trust worth $23,739,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PSLV. IMC Chicago LLC grew its position in Sprott Physical Silver Trust by 5,217.0% in the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $313,496,000 after purchasing an additional 12,611,729 shares during the period. Weiss Asset Management LP bought a new position in shares of Sprott Physical Silver Trust in the first quarter valued at $199,763,000. Jane Street Group LLC raised its holdings 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 worth $70,650,000 after acquiring an additional 3,582,153 shares during the last quarter. Alps Advisors Inc. raised its holdings in shares of Sprott Physical Silver Trust by 76.5% in the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after acquiring an additional 2,334,928 shares during the last quarter. Finally, Hatch Cove Capital LLC bought a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $18,705,000.
Sprott Physical Silver Trust Trading Up 2.9%
PSLV stock opened at $21.96 on Friday. Sprott Physical Silver Trust has a 52-week low of $13.61 and a 52-week high of $38.13. The business has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $22.97.
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.
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