Sprott Physical Silver Trust $PSLV Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. increased its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 935,256 shares of the exchange traded fund’s stock after buying an additional 85,908 shares during the quarter. Cibc World Market Inc.’s holdings in Sprott Physical Silver Trust were worth $22,119,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Founders Financial Securities LLC lifted its holdings in Sprott Physical Silver Trust by 32.0% in the fourth quarter. Founders Financial Securities LLC now owns 38,672 shares of the exchange traded fund’s stock worth $915,000 after purchasing an additional 9,385 shares during the period. Foundations Investment Advisors LLC lifted its holdings in Sprott Physical Silver Trust by 10.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 43,420 shares of the exchange traded fund’s stock worth $1,027,000 after purchasing an additional 4,269 shares during the period. IFG Advisory LLC lifted its holdings in Sprott Physical Silver Trust by 27.2% in the fourth quarter. IFG Advisory LLC now owns 25,007 shares of the exchange traded fund’s stock worth $591,000 after purchasing an additional 5,353 shares during the period. Kingsview Wealth Management LLC lifted its holdings in Sprott Physical Silver Trust by 6.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 642,577 shares of the exchange traded fund’s stock worth $15,197,000 after purchasing an additional 37,257 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in Sprott Physical Silver Trust by 1.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 1,649,160 shares of the exchange traded fund’s stock worth $39,003,000 after purchasing an additional 31,000 shares during the period.

Sprott Physical Silver Trust Stock Down 8.1%

PSLV stock opened at $21.53 on Friday. The company has a 50-day simple moving average of $24.52 and a 200 day simple moving average of $24.82. Sprott Physical Silver Trust has a fifty-two week low of $11.91 and a fifty-two week high of $38.13.

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. 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.