Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down to $10.21

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped down before the market opened on Friday . The stock had previously closed at $10.21, but opened at $9.90. Sprott Physical Silver Trust shares last traded at $9.97, with a volume of 729,300 shares changing hands.

Sprott Physical Silver Trust Stock Performance

The company’s 50-day simple moving average is $10.19 and its 200 day simple moving average is $8.94.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several institutional investors have recently added to or reduced their stakes in PSLV. NovaPoint Capital LLC bought a new stake in Sprott Physical Silver Trust during the 2nd quarter worth approximately $102,000. Avantax Advisory Services Inc. bought a new position in Sprott Physical Silver Trust in the first quarter valued at $89,000. Mather Group LLC. raised its holdings in shares of Sprott Physical Silver Trust by 864.6% during the 2nd quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 10,600 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Sprott Physical Silver Trust during the first quarter worth approximately $102,000. Finally, Csenge Advisory Group purchased a new position in shares of Sprott Physical Silver Trust during the second quarter worth approximately $147,000.

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.