253,380 Shares in Sprott Physical Silver Trust $PSLV Bought by Menlo Advisors LLC

Menlo Advisors LLC bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 2nd quarter, HoldingsChannel reports. The firm bought 253,380 shares of the exchange traded fund’s stock, valued at approximately $3,101,000. Sprott Physical Silver Trust makes up 1.7% of Menlo Advisors LLC’s investment portfolio, making the stock its 19th largest position.

Other institutional investors have also bought and sold shares of the company. Redwood Park Advisors LLC bought a new position in shares of Sprott Physical Silver Trust in the 2nd quarter worth about $32,000. Atlantic Union Bankshares Corp acquired a new stake in Sprott Physical Silver Trust during the second quarter worth approximately $32,000. Ameriflex Group Inc. grew its stake in Sprott Physical Silver Trust by 161.5% during the second quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 2,100 shares during the period. Trust Co. of Vermont bought a new stake in Sprott Physical Silver Trust in the second quarter worth approximately $56,000. Finally, Blue Trust Inc. acquired a new position in Sprott Physical Silver Trust in the second quarter valued at approximately $74,000.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock opened at $16.07 on Friday. Sprott Physical Silver Trust has a 52-week low of $9.60 and a 52-week high of $18.15. The stock’s 50 day moving average price is $15.48 and its two-hundred day moving average price is $13.29.

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.