Weiss Asset Management LP Takes Position in Sprott Physical Silver Trust $PSLV

Weiss Asset Management LP bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,190,370 shares of the exchange traded fund’s stock, valued at approximately $199,763,000. Sprott Physical Silver Trust makes up 3.4% of Weiss Asset Management LP’s holdings, making the stock its 4th biggest position. Weiss Asset Management LP owned about 1.29% of Sprott Physical Silver Trust as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PSLV. NewEdge Advisors LLC lifted its stake in Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after acquiring an additional 12,810 shares during the last quarter. Cerity Partners LLC lifted its stake in Sprott Physical Silver Trust by 5.2% in the 2nd quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 5,081 shares during the last quarter. Ausdal Financial Partners Inc. lifted its stake in Sprott Physical Silver Trust by 24.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 14,484 shares during the last quarter. Jane Street Group LLC lifted its stake 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 valued at $70,650,000 after purchasing an additional 3,582,153 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Sprott Physical Silver Trust by 4.7% during the second quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock worth $5,693,000 after purchasing an additional 20,856 shares during the period.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA PSLV opened at $18.73 on Friday. The business’s 50 day moving average price is $20.89 and its two-hundred day moving average price is $24.58. Sprott Physical Silver Trust has a twelve month low of $12.32 and a twelve month high of $38.13.

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. 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.