Royal Bank of Canada Has $69.42 Million Holdings in Sprott Physical Silver Trust $PSLV

Royal Bank of Canada cut its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 22.5% in the first quarter, Holdings Channel reports. The institutional investor owned 2,846,177 shares of the exchange traded fund’s stock after selling 828,191 shares during the period. Royal Bank of Canada’s holdings in Sprott Physical Silver Trust were worth $69,419,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. IMC Chicago LLC increased its holdings in Sprott Physical Silver Trust by 5,217.0% during the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after buying an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP bought a new position in Sprott Physical Silver Trust during the 1st quarter worth $199,763,000. Jane Street Group LLC raised 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 worth $70,650,000 after purchasing an additional 3,582,153 shares in the last quarter. Alps Advisors Inc. raised its position in shares of Sprott Physical Silver Trust by 76.5% in the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after buying an additional 2,334,928 shares in the last quarter. Finally, Hatch Cove Capital LLC acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at $18,705,000.

Sprott Physical Silver Trust Trading Down 2.0%

Shares of Sprott Physical Silver Trust stock opened at $18.80 on Friday. The firm’s 50-day moving average price is $20.32 and its two-hundred day moving average price is $24.32. Sprott Physical Silver Trust has a 12-month low of $12.32 and a 12-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.