IMC Chicago LLC Boosts Holdings in Sprott Physical Silver Trust $PSLV

IMC Chicago LLC boosted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 5,217.0% in the 1st quarter, HoldingsChannel reports. The firm owned 12,853,471 shares of the exchange traded fund’s stock after purchasing an additional 12,611,729 shares during the quarter. Sprott Physical Silver Trust makes up approximately 0.1% of IMC Chicago LLC’s portfolio, making the stock its 17th largest holding. IMC Chicago LLC’s holdings in Sprott Physical Silver Trust were worth $313,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Providence Wealth Advisors LLC raised its position in shares of Sprott Physical Silver Trust by 16.8% during the first quarter. Providence Wealth Advisors LLC now owns 45,048 shares of the exchange traded fund’s stock valued at $1,099,000 after buying an additional 6,485 shares during the last quarter. Flynn Zito Capital Management LLC boosted its position in shares of Sprott Physical Silver Trust by 3.2% during the first quarter. Flynn Zito Capital Management LLC now owns 80,179 shares of the exchange traded fund’s stock worth $1,956,000 after acquiring an additional 2,475 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Sprott Physical Silver Trust by 61.0% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 21,380 shares of the exchange traded fund’s stock worth $521,000 after acquiring an additional 8,100 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Sprott Physical Silver Trust by 67.1% during the first quarter. Bleakley Financial Group LLC now owns 488,606 shares of the exchange traded fund’s stock worth $11,917,000 after acquiring an additional 196,149 shares during the last quarter. Finally, HBW Advisory Services LLC purchased a new position in Sprott Physical Silver Trust during the first quarter valued at $249,000.

Sprott Physical Silver Trust Trading Down 1.7%

Shares of NYSEARCA PSLV opened at $18.53 on Thursday. The firm’s fifty day moving average is $22.05 and its two-hundred day moving average is $24.88. Sprott Physical Silver Trust has a 52-week low of $12.32 and a 52-week high of $38.13.

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.