Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Sold by Ionic Capital Management LLC

Ionic Capital Management LLC trimmed its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 56.2% during the third quarter, Holdings Channel.com reports. The firm owned 107,574 shares of the exchange traded fund’s stock after selling 138,150 shares during the period. Ionic Capital Management LLC’s holdings in Sprott Physical Silver Trust were worth $1,124,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IMC Chicago LLC acquired a new stake in shares of Sprott Physical Silver Trust during the third quarter worth approximately $11,622,000. Flow Traders U.S. LLC lifted its stake in Sprott Physical Silver Trust by 3,417.0% during the third quarter. Flow Traders U.S. LLC now owns 911,223 shares of the exchange traded fund’s stock worth $9,522,000 after purchasing an additional 885,314 shares during the last quarter. Cetera Investment Advisers lifted its stake in Sprott Physical Silver Trust by 315.7% during the first quarter. Cetera Investment Advisers now owns 750,530 shares of the exchange traded fund’s stock worth $6,222,000 after purchasing an additional 570,002 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Sprott Physical Silver Trust by 483.5% during the third quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock worth $53,330,000 after purchasing an additional 461,785 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its stake in Sprott Physical Silver Trust by 7.4% in the second quarter. Jupiter Asset Management Ltd. now owns 5,295,014 shares of the exchange traded fund’s stock valued at $52,579,000 after buying an additional 362,573 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 0.6 %

PSLV stock opened at $10.26 on Tuesday. Sprott Physical Silver Trust has a 1 year low of $7.40 and a 1 year high of $11.77. The stock’s fifty day moving average is $10.71 and its two-hundred day moving average is $10.27.

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.