SeaCrest Wealth Management LLC Boosts Stake in Sprott Physical Silver Trust $PSLV

SeaCrest Wealth Management LLC boosted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 153.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 276,931 shares of the exchange traded fund’s stock after purchasing an additional 167,697 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $4,556,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after purchasing an additional 3,582,153 shares during the period. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 29.0% in the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after acquiring an additional 2,203,767 shares in the last quarter. 3EDGE Asset Management LP purchased a new stake in Sprott Physical Silver Trust in the third quarter worth about $34,374,000. Alps Advisors Inc. grew its holdings in Sprott Physical Silver Trust by 118.7% during the 3rd quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after acquiring an additional 1,657,153 shares in the last quarter. Finally, TT Capital Management LLC grew its holdings in Sprott Physical Silver Trust by 4,785.4% during the 2nd quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock worth $8,415,000 after acquiring an additional 673,403 shares in the last quarter.

Sprott Physical Silver Trust Trading Down 2.5%

Shares of NYSEARCA:PSLV traded down $0.70 on Friday, reaching $26.83. The company had a trading volume of 1,514,927 shares, compared to its average volume of 24,347,518. Sprott Physical Silver Trust has a 52-week low of $9.97 and a 52-week high of $38.13. The firm’s 50 day simple moving average is $28.24 and its 200-day simple moving average is $21.06.

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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.