United Capital Management of KS Inc. Makes New Investment in Sprott Physical Silver Trust $PSLV

United Capital Management of KS Inc. acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,531 shares of the exchange traded fund’s stock, valued at approximately $627,000.

Several other hedge funds have also recently bought and sold shares of the stock. Federation des caisses Desjardins du Quebec raised its stake in 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 acquiring an additional 681,981 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Sprott Physical Silver Trust by 29.0% during the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after acquiring an additional 2,203,767 shares in the last quarter. Jane Street Group LLC raised its stake in Sprott Physical Silver Trust by 163.6% during the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. raised its stake in Sprott Physical Silver Trust by 76.5% during the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after acquiring an additional 2,334,928 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Sprott Physical Silver Trust by 16.7% during the fourth quarter. LPL Financial LLC now owns 3,525,195 shares of the exchange traded fund’s stock worth $83,371,000 after acquiring an additional 504,474 shares in the last quarter.

Sprott Physical Silver Trust Trading Up 1.2%

Sprott Physical Silver Trust stock opened at $21.56 on Friday. The stock has a fifty day moving average price of $24.30 and a two-hundred day moving average price of $24.97. Sprott Physical Silver Trust has a 52-week low of $11.91 and a 52-week 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.