Nalls Sherbakoff Group LLC purchased a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 100,705 shares of the exchange traded fund’s stock, valued at approximately $2,382,000. Sprott Physical Silver Trust makes up 1.7% of Nalls Sherbakoff Group LLC’s portfolio, making the stock its 13th largest holding.
Several other large investors have also added to or reduced their stakes in PSLV. Federation des caisses Desjardins du Quebec raised its holdings in Sprott Physical Silver Trust by 4.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock worth $403,725,000 after purchasing an additional 681,981 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in shares of Sprott Physical Silver Trust by 29.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after purchasing an additional 2,203,767 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of 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 valued at $70,650,000 after purchasing an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. boosted its stake in shares of Sprott Physical Silver Trust by 76.5% during the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after purchasing an additional 2,334,928 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Sprott Physical Silver Trust by 8.0% during the fourth quarter. Morgan Stanley now owns 4,760,761 shares of the exchange traded fund’s stock valued at $112,592,000 after buying an additional 353,293 shares during the period.
Sprott Physical Silver Trust Stock Performance
Shares of NYSEARCA PSLV opened at $21.00 on Friday. Sprott Physical Silver Trust has a 1 year low of $11.91 and a 1 year high of $38.13. The company’s 50-day moving average is $24.10 and its 200 day moving average is $25.11.
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. 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.
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