Grand Central Investment Group Decreases Stake in Sprott Physical Silver Trust $PSLV

Grand Central Investment Group trimmed its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 42.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 452,087 shares of the exchange traded fund’s stock after selling 336,582 shares during the period. Sprott Physical Silver Trust comprises about 8.2% of Grand Central Investment Group’s investment portfolio, making the stock its 2nd biggest position. Grand Central Investment Group owned about 0.07% of Sprott Physical Silver Trust worth $11,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Federation des caisses Desjardins du Quebec grew its position in shares of Sprott Physical Silver Trust by 4.2% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock worth $403,725,000 after purchasing an additional 681,981 shares in the last quarter. Jane Street Group LLC lifted its holdings in Sprott Physical Silver Trust by 163.6% in the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after purchasing an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. lifted its holdings in Sprott Physical Silver Trust by 76.5% in the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after purchasing an additional 2,334,928 shares in the last quarter. Morgan Stanley lifted its holdings in Sprott Physical Silver Trust by 8.0% in the 4th quarter. Morgan Stanley now owns 4,760,761 shares of the exchange traded fund’s stock worth $112,592,000 after purchasing an additional 353,293 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Sprott Physical Silver Trust by 4.6% in the 4th quarter. Royal Bank of Canada now owns 3,674,368 shares of the exchange traded fund’s stock worth $86,897,000 after purchasing an additional 162,085 shares during the period.

Sprott Physical Silver Trust Stock Down 1.1%

Shares of PSLV opened at $18.52 on Tuesday. Sprott Physical Silver Trust has a 1 year low of $12.17 and a 1 year high of $38.13. The company has a 50 day simple moving average of $23.36 and a two-hundred day simple moving average of $25.13.

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.