Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume – Here’s What Happened

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw strong trading volume on Monday . 14,762,393 shares were traded during trading, an increase of 17% from the previous session’s volume of 12,595,565 shares.The stock last traded at $11.52 and had previously closed at $11.58.

Sprott Physical Silver Trust Price Performance

The company’s 50 day moving average is $10.93 and its 200 day moving average is $10.62.

Institutional Investors Weigh In On Sprott Physical Silver Trust

A number of large investors have recently added to or reduced their stakes in the stock. Northeast Planning Associates INC. NH bought a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $352,000. Wealth Enhancement Advisory Services LLC increased its stake in Sprott Physical Silver Trust by 49.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 517,186 shares of the exchange traded fund’s stock valued at $4,991,000 after acquiring an additional 172,137 shares during the last quarter. Total Wealth Planning & Management Inc. bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $222,000. LM Asset IM Inc. bought a new stake in shares of Sprott Physical Silver Trust during the 4th quarter worth $6,948,000. Finally, Pettinga Financial Advisors LLC grew its position in Sprott Physical Silver Trust by 16.8% in the fourth quarter. Pettinga Financial Advisors LLC now owns 229,345 shares of the exchange traded fund’s stock valued at $2,213,000 after acquiring an additional 32,990 shares during the last quarter.

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.