Sprott Physical Silver Trust (NYSEARCA:PSLV) Hits New 1-Year High – Here’s Why

Sprott Physical Silver Trust (NYSEARCA:PSLV) hit a new 52-week high on Monday . The stock traded as high as $28.31 and last traded at $28.1250, with a volume of 7109356 shares trading hands. The stock had previously closed at $26.45.

Sprott Physical Silver Trust Stock Performance

The business has a fifty day simple moving average of $20.80 and a 200 day simple moving average of $16.50.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. World Investment Advisors grew its stake 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 acquiring an additional 214,997 shares during the period. Accordant Advisory Group Inc lifted its holdings in Sprott Physical Silver Trust by 3.6% during the second quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock valued at $6,492,000 after purchasing an additional 18,410 shares during the last quarter. Regency Capital Management Inc. DE lifted its holdings in Sprott Physical Silver Trust by 3.1% during 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. Sharp Financial Services LLC bought a new position in Sprott Physical Silver Trust during the second quarter worth about $147,000. Finally, Bleakley Financial Group LLC boosted its position 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 purchasing an additional 910 shares during the period.

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.