StoneX Group Inc. Purchases New Stake in Sprott Physical Silver Trust $PSLV

StoneX Group Inc. purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 64,154 shares of the exchange traded fund’s stock, valued at approximately $1,243,000.

A number of other institutional investors have also added to or reduced their stakes in PSLV. IMC Chicago LLC lifted its holdings 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 purchased a new position in Sprott Physical Silver Trust during the first quarter valued at $199,763,000. Alps Advisors Inc. grew its stake in Sprott Physical Silver Trust by 10.8% during the third quarter. Alps Advisors Inc. now owns 6,400,186 shares of the exchange traded fund’s stock valued at $123,972,000 after acquiring an additional 622,980 shares in the last quarter. WIT Partners Advisory Pte. Ltd. grew its stake in Sprott Physical Silver Trust by 18.8% during the first quarter. WIT Partners Advisory Pte. Ltd. now owns 1,007,557 shares of the exchange traded fund’s stock valued at $24,574,000 after acquiring an additional 159,765 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC increased its holdings in 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 during the last quarter.

Sprott Physical Silver Trust Trading Up 2.7%

Shares of NYSEARCA PSLV opened at $17.30 on Tuesday. Sprott Physical Silver Trust has a 52-week low of $15.78 and a 52-week high of $38.13. The firm’s fifty day moving average is $19.42 and its two-hundred day moving average is $22.63.

Sprott Physical Silver Trust Company 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.