Mirae Asset Global Investments Co. Ltd. Buys New Stake in Sprott Physical Silver Trust $PSLV

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 182,625 shares of the exchange traded fund’s stock, valued at approximately $3,537,000.

Other hedge funds have also recently made changes to their positions in the company. IMC Chicago LLC raised its position in shares of Sprott Physical Silver Trust by 5,217.0% in the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after buying an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP bought a new position in Sprott Physical Silver Trust in the 1st quarter worth about $199,763,000. Kestra Advisory Services LLC raised its holdings in shares of Sprott Physical Silver Trust by 5.2% in the 1st quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock valued at $40,613,000 after acquiring an additional 81,917 shares in the last quarter. WIT Partners Advisory Pte. Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 24.9% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock valued at $23,739,000 after acquiring an additional 250,473 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its holdings in shares of Sprott Physical Silver Trust by 35.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 206,374 shares in the last quarter.

Sprott Physical Silver Trust Trading Down 0.2%

Sprott Physical Silver Trust stock traded down $0.03 during mid-day trading on Friday, hitting $16.84. 3,431,927 shares of the company traded hands, compared to its average volume of 11,991,933. Sprott Physical Silver Trust has a one year low of $15.78 and a one year high of $38.13. The stock has a fifty day moving average price of $19.51 and a 200-day moving average price of $22.69.

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.