Janney Montgomery Scott LLC Purchases 74,022 Shares of Sprott Physical Silver Trust $PSLV

Janney Montgomery Scott LLC increased its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 192.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 112,397 shares of the exchange traded fund’s stock after purchasing an additional 74,022 shares during the period. Janney Montgomery Scott LLC’s holdings in Sprott Physical Silver Trust were worth $2,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSLV. Mayfair Advisory Group LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth approximately $200,000. Crown Wealth Group LLC bought a new stake in Sprott Physical Silver Trust in the first quarter worth $311,000. Dagco Inc. raised its stake in Sprott Physical Silver Trust by 2.5% during the first quarter. Dagco Inc. now owns 37,584 shares of the exchange traded fund’s stock valued at $917,000 after purchasing an additional 900 shares in the last quarter. Kestra Private Wealth Services LLC raised its stake in Sprott Physical Silver Trust by 7.7% during the first quarter. Kestra Private Wealth Services LLC now owns 11,623 shares of the exchange traded fund’s stock valued at $283,000 after purchasing an additional 828 shares in the last quarter. Finally, Heritage Wealth Management Inc. lifted its position in Sprott Physical Silver Trust by 19.0% during the first quarter. Heritage Wealth Management Inc. now owns 51,540 shares of the exchange traded fund’s stock valued at $1,257,000 after purchasing an additional 8,220 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $19.28 on Wednesday. The firm has a fifty day simple moving average of $22.67 and a two-hundred day simple moving average of $25.05. Sprott Physical Silver Trust has a 52 week low of $12.31 and a 52 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.