Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report) shares saw strong trading volume on Wednesday . 14,200,176 shares were traded during trading, an increase of 47% from the previous session’s volume of 9,688,699 shares.The stock last traded at $11.04 and had previously closed at $10.76.
Sprott Physical Silver Trust Stock Down 0.4 %
The company’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $10.44.
Institutional Trading of Sprott Physical Silver Trust
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSLV. XTX Topco Ltd purchased a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth $293,000. Stratos Wealth Partners LTD. raised its holdings in shares of Sprott Physical Silver Trust by 8.0% in the 4th quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock worth $1,112,000 after purchasing an additional 8,500 shares during the period. Walleye Capital LLC acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at about $1,086,000. Allworth Financial LP grew its holdings in shares of Sprott Physical Silver Trust by 3,565.3% during the 4th quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock worth $816,000 after purchasing an additional 76,655 shares during the period. Finally, First Horizon Advisors Inc. acquired a new stake in Sprott Physical Silver Trust during the 3rd quarter worth approximately $32,000.
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.
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