NewEdge Advisors LLC Has $1.91 Million Position in Sprott Physical Silver Trust $PSLV

NewEdge Advisors LLC lessened its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 23.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 101,107 shares of the exchange traded fund’s stock after selling 31,507 shares during the period. NewEdge Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $1,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. IMC Chicago LLC boosted its position in shares of Sprott Physical Silver Trust by 5,217.0% during the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $313,496,000 after acquiring an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP bought a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $199,763,000. Alps Advisors Inc. raised its holdings in shares of Sprott Physical Silver Trust by 76.5% in the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after buying an additional 2,334,928 shares during the last quarter. Asset One Wealth Management LLC bought a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $16,792,000. Finally, Anson Funds Management LP acquired a new position in Sprott Physical Silver Trust during the 1st quarter worth about $9,924,000.

Sprott Physical Silver Trust Trading Up 2.3%

Shares of NYSEARCA PSLV opened at $21.71 on Friday. Sprott Physical Silver Trust has a 12-month low of $14.29 and a 12-month high of $38.13. The firm’s 50-day simple moving average is $20.53 and its 200 day simple moving average is $22.51.

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.