Sprott Physical Silver Trust (NYSEARCA:PSLV) Sets New 12-Month High – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.90 and last traded at $21.7570, with a volume of 3862252 shares trading hands. The stock had previously closed at $21.09.

Sprott Physical Silver Trust Stock Performance

The stock’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $14.73.

Institutional Trading of Sprott Physical Silver Trust

Several large investors have recently added to or reduced their stakes in the company. Accordant Advisory Group Inc lifted its stake in Sprott Physical Silver Trust by 3.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after purchasing an additional 18,410 shares in the last quarter. Regency Capital Management Inc. DE increased its holdings in shares of 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 purchasing an additional 6,200 shares during the last quarter. Cresset Asset Management LLC increased its holdings in shares of Sprott Physical Silver Trust by 3.0% in the first quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock valued at $400,000 after purchasing an additional 1,000 shares during the last quarter. Sharp Financial Services LLC purchased a new position in Sprott Physical Silver Trust during the second quarter worth approximately $147,000. Finally, Bleakley Financial Group LLC boosted its stake in Sprott Physical Silver Trust by 0.3% during the second quarter. Bleakley Financial Group LLC now owns 299,258 shares of the exchange traded fund’s stock worth $3,663,000 after buying an additional 910 shares during 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.