IMC Chicago LLC Raises Stake in Sprott Physical Silver Trust $PSLV

IMC Chicago LLC grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 5,217.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,853,471 shares of the exchange traded fund’s stock after purchasing an additional 12,611,729 shares during the quarter. Sprott Physical Silver Trust makes up about 0.1% of IMC Chicago LLC’s investment portfolio, making the stock its 17th largest holding. IMC Chicago LLC owned approximately 2.02% of Sprott Physical Silver Trust worth $313,496,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Providence Wealth Advisors LLC increased its stake in shares of Sprott Physical Silver Trust by 16.8% in the first quarter. Providence Wealth Advisors LLC now owns 45,048 shares of the exchange traded fund’s stock worth $1,099,000 after purchasing an additional 6,485 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 3.2% during the 1st quarter. Flynn Zito Capital Management LLC now owns 80,179 shares of the exchange traded fund’s stock valued at $1,956,000 after buying an additional 2,475 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Sprott Physical Silver Trust by 61.0% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,380 shares of the exchange traded fund’s stock valued at $521,000 after buying an additional 8,100 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Sprott Physical Silver Trust by 67.1% in the 1st quarter. Bleakley Financial Group LLC now owns 488,606 shares of the exchange traded fund’s stock worth $11,917,000 after buying an additional 196,149 shares during the period. Finally, HBW Advisory Services LLC bought a new position in Sprott Physical Silver Trust in the 1st quarter worth $249,000.

Sprott Physical Silver Trust Trading Down 1.7%

Shares of PSLV stock opened at $18.53 on Thursday. The stock has a fifty day simple moving average of $22.05 and a two-hundred day simple moving average of $24.88. Sprott Physical Silver Trust has a 52-week low of $12.32 and a 52-week high of $38.13.

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.