Sicart Associates LLC Trims Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Sicart Associates LLC decreased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,637 shares of the exchange traded fund’s stock after selling 7,100 shares during the quarter. Sicart Associates LLC’s holdings in Sprott Physical Silver Trust were worth $942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James & Associates lifted its position in Sprott Physical Silver Trust by 12.7% in the 3rd quarter. Raymond James & Associates now owns 2,330,012 shares of the exchange traded fund’s stock worth $24,349,000 after buying an additional 263,194 shares during the last quarter. Capital Wealth Alliance LLC lifted its position in Sprott Physical Silver Trust by 4.4% in the 3rd quarter. Capital Wealth Alliance LLC now owns 2,283,211 shares of the exchange traded fund’s stock worth $23,865,000 after buying an additional 95,988 shares during the last quarter. Jane Street Group LLC bought a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $19,598,000. Hollencrest Capital Management lifted its position in Sprott Physical Silver Trust by 0.4% in the 3rd quarter. Hollencrest Capital Management now owns 1,332,195 shares of the exchange traded fund’s stock worth $13,921,000 after buying an additional 4,868 shares during the last quarter. Finally, IMC Chicago LLC bought a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $11,622,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA:PSLV opened at $10.32 on Friday. The business has a 50 day moving average of $10.18 and a 200 day moving average of $10.26. Sprott Physical Silver Trust has a 1-year low of $7.40 and a 1-year high of $11.77.

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.