Oxbow Advisors LLC Cuts Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Oxbow Advisors LLC lessened its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 9.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 41,078 shares of the exchange traded fund’s stock after selling 4,170 shares during the quarter. Oxbow Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $408,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in PSLV. Fidelis Capital Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the 1st quarter worth $8,923,000. Flow Traders U.S. LLC boosted its position in Sprott Physical Silver Trust by 79.9% during the first quarter. Flow Traders U.S. LLC now owns 1,562,102 shares of the exchange traded fund’s stock worth $12,950,000 after purchasing an additional 693,988 shares during the period. Cetera Investment Advisers increased its stake in shares of Sprott Physical Silver Trust by 315.7% in the first quarter. Cetera Investment Advisers now owns 750,530 shares of the exchange traded fund’s stock worth $6,222,000 after purchasing an additional 570,002 shares in the last quarter. Simplicity Wealth LLC bought a new stake in shares of Sprott Physical Silver Trust in the first quarter valued at approximately $2,470,000. Finally, Ionic Capital Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 155.6% during the 1st quarter. Ionic Capital Management LLC now owns 420,699 shares of the exchange traded fund’s stock valued at $3,488,000 after buying an additional 256,094 shares in the last quarter.

Sprott Physical Silver Trust Stock Down 2.8 %

PSLV traded down $0.27 on Friday, hitting $9.50. The company’s stock had a trading volume of 5,943,000 shares, compared to its average volume of 4,009,708. The company’s 50 day simple moving average is $9.94 and its 200-day simple moving average is $9.45. Sprott Physical Silver Trust has a 12 month low of $7.08 and a 12 month high of $10.88.

Sprott Physical Silver Trust 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.