Gradient Investments LLC Buys 6,451 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Gradient Investments LLC raised its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 2.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 289,899 shares of the exchange traded fund’s stock after buying an additional 6,451 shares during the period. Gradient Investments LLC’s holdings in Sprott Physical Silver Trust were worth $2,798,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wealthcare Capital Management LLC raised its stake in shares of Sprott Physical Silver Trust by 3.7% during the fourth quarter. Wealthcare Capital Management LLC now owns 4,108,300 shares of the exchange traded fund’s stock valued at $39,645,000 after acquiring an additional 148,402 shares in the last quarter. Raymond James & Associates increased its holdings in Sprott Physical Silver Trust by 12.7% during the 3rd quarter. Raymond James & Associates now owns 2,330,012 shares of the exchange traded fund’s stock worth $24,349,000 after purchasing an additional 263,194 shares during the period. Capital Wealth Alliance LLC raised its position in Sprott Physical Silver Trust by 4.4% during the 3rd quarter. Capital Wealth Alliance LLC now owns 2,283,211 shares of the exchange traded fund’s stock valued at $23,865,000 after purchasing an additional 95,988 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth $19,598,000. Finally, Hollencrest Capital Management grew its position in shares of Sprott Physical Silver Trust by 0.4% during the 3rd quarter. Hollencrest Capital Management now owns 1,332,195 shares of the exchange traded fund’s stock worth $13,921,000 after buying an additional 4,868 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $10.28 on Friday. Sprott Physical Silver Trust has a 1-year low of $7.40 and a 1-year high of $11.77. The business has a 50-day moving average price of $10.17 and a 200 day moving average price of $10.25.

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.