Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $19.44, but opened at $18.42. Sprott Physical Silver Trust shares last traded at $18.6290, with a volume of 6,240,671 shares changing hands.
Sprott Physical Silver Trust Price Performance
The business has a 50 day simple moving average of $23.64 and a two-hundred day simple moving average of $25.14.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. ORG Wealth Partners LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth approximately $27,000. Purpose Unlimited Inc. bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $28,000. Laurel Wealth Advisors LLC purchased a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $31,000. Finally, Private Trust Co. NA grew its stake in Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 1,166 shares in 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. 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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