International Assets Investment Management LLC acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 39,250 shares of the exchange traded fund’s stock, valued at approximately $323,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Royal Bank of Canada lifted its position in Sprott Physical Silver Trust by 31.4% in the third quarter. Royal Bank of Canada now owns 3,023,356 shares of the exchange traded fund’s stock worth $20,015,000 after purchasing an additional 721,997 shares during the period. National Bank of Canada FI lifted its position in Sprott Physical Silver Trust by 602.7% in the fourth quarter. National Bank of Canada FI now owns 583,574 shares of the exchange traded fund’s stock worth $4,752,000 after purchasing an additional 500,527 shares during the period. Tiedemann Advisors LLC acquired a new stake in Sprott Physical Silver Trust in the third quarter worth approximately $70,000. Barometer Capital Management Inc. lifted its position in Sprott Physical Silver Trust by 205.6% in the third quarter. Barometer Capital Management Inc. now owns 152,500 shares of the exchange traded fund’s stock worth $1,010,000 after purchasing an additional 102,600 shares during the period. Finally, Truist Financial Corp lifted its position in Sprott Physical Silver Trust by 24,389.0% in the third quarter. Truist Financial Corp now owns 2,988,143 shares of the exchange traded fund’s stock worth $19,782,000 after purchasing an additional 2,975,941 shares during the period.
Sprott Physical Silver Trust Stock Performance
PSLV opened at $8.72 on Friday. Sprott Physical Silver Trust has a 1-year low of $6.16 and a 1-year high of $9.17. The business has a 50 day moving average price of $7.73 and a two-hundred day moving average price of $7.57.
Sprott Physical Silver Trust 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.
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