Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Strong Trading Volume

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares saw strong trading volume on Monday . 1,592,111 shares were traded during trading, a decline of 53% from the previous session’s volume of 3,379,688 shares.The stock last traded at $10.51 and had previously closed at $10.54.

Sprott Physical Silver Trust Stock Performance

The firm’s 50-day moving average is $9.13 and its two-hundred day moving average is $8.32.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently bought and sold shares of PSLV. Avantax Advisory Services Inc. acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at about $89,000. ORG Partners LLC acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at about $102,000. Prosperity Consulting Group LLC acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at about $133,000. Sunbelt Securities Inc. raised its holdings in Sprott Physical Silver Trust by 66.0% in the 1st quarter. Sunbelt Securities Inc. now owns 16,600 shares of the exchange traded fund’s stock valued at $138,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Crown Wealth Group LLC raised its holdings in Sprott Physical Silver Trust by 23.8% in the 1st quarter. Crown Wealth Group LLC now owns 25,968 shares of the exchange traded fund’s stock valued at $215,000 after acquiring an additional 5,000 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.