Sprott Physical Silver Trust (NYSEARCA:PSLV) Sees Large Volume Increase – Here’s What Happened

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) saw strong trading volume on Thursday . 10,589,283 shares traded hands during trading, an increase of 94% from the previous session’s volume of 5,450,012 shares.The stock last traded at $9.83 and had previously closed at $9.65.

Sprott Physical Silver Trust Trading Up 0.2 %

The stock’s 50-day moving average price is $10.36 and its 200 day moving average price is $10.25.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in Sprott Physical Silver Trust by 16.8% in the third quarter. JPMorgan Chase & Co. now owns 119,363 shares of the exchange traded fund’s stock valued at $1,247,000 after acquiring an additional 17,172 shares during the period. SMART Wealth LLC lifted its position in shares of Sprott Physical Silver Trust by 13.6% during the 3rd quarter. SMART Wealth LLC now owns 131,709 shares of the exchange traded fund’s stock worth $1,376,000 after buying an additional 15,719 shares during the period. Beaird Harris Wealth Management LLC boosted its stake in Sprott Physical Silver Trust by 8.6% in the 3rd quarter. Beaird Harris Wealth Management LLC now owns 101,636 shares of the exchange traded fund’s stock valued at $1,062,000 after buying an additional 8,064 shares in the last quarter. Sanctuary Advisors LLC grew its position in Sprott Physical Silver Trust by 118.1% in the third quarter. Sanctuary Advisors LLC now owns 139,496 shares of the exchange traded fund’s stock valued at $1,465,000 after acquiring an additional 75,541 shares during the period. Finally, MML Investors Services LLC raised its stake in Sprott Physical Silver Trust by 124.1% during the third quarter. MML Investors Services LLC now owns 130,529 shares of the exchange traded fund’s stock worth $1,364,000 after acquiring an additional 72,285 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.