Rossby Financial LCC bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 185,912 shares of the exchange traded fund’s stock, valued at approximately $1,794,000. Sprott Physical Silver Trust accounts for about 1.1% of Rossby Financial LCC’s portfolio, making the stock its 16th biggest position.
Other hedge funds have also recently added to or reduced their stakes in the company. Dagco Inc. grew its stake in shares of Sprott Physical Silver Trust by 10.7% in the 4th quarter. Dagco Inc. now owns 49,840 shares of the exchange traded fund’s stock valued at $481,000 after purchasing an additional 4,800 shares during the period. TT Capital Management LLC bought a new stake in Sprott Physical Silver Trust in the fourth quarter valued at $138,000. Entruity Wealth LLC acquired a new position in Sprott Physical Silver Trust during the fourth quarter worth $4,263,000. Townsquare Capital LLC lifted its holdings in shares of Sprott Physical Silver Trust by 79.6% during the fourth quarter. Townsquare Capital LLC now owns 49,959 shares of the exchange traded fund’s stock valued at $482,000 after acquiring an additional 22,139 shares during the period. Finally, Heritage Trust Co acquired a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at $126,000.
Sprott Physical Silver Trust Stock Up 2.3 %
PSLV opened at $10.76 on Monday. The firm’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.64. Sprott Physical Silver Trust has a twelve month low of $8.81 and a twelve month high of $11.77.
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.
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