14,700 Shares in Sprott Physical Silver Trust (NYSEARCA:PSLV) Acquired by Novem Group

Novem Group purchased a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,700 shares of the exchange traded fund’s stock, valued at approximately $142,000.

A number of other large investors have also added to or reduced their stakes in the stock. Millstone Evans Group LLC bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $58,000. US Bancorp DE lifted its stake in Sprott Physical Silver Trust by 21.6% during the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,250 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $100,000. Guild Investment Management Inc. bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $101,000. Finally, James Hambro & Partners LLP bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth $106,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $11.26 on Friday. The business has a fifty day moving average price of $10.99 and a two-hundred day moving average price of $10.66. Sprott Physical Silver Trust has a fifty-two week low of $9.12 and a fifty-two week 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.