Sprott Physical Silver Trust $PSLV Stock Purchased by Alps Advisors Inc.

Alps Advisors Inc. grew its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,400,186 shares of the exchange traded fund’s stock after purchasing an additional 622,980 shares during the period. Sprott Physical Silver Trust makes up about 0.5% of Alps Advisors Inc.’s holdings, making the stock its 22nd biggest position. Alps Advisors Inc. owned about 1.05% of Sprott Physical Silver Trust worth $123,972,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new stake in shares of Sprott Physical Silver Trust during the third quarter valued at $29,000. Contravisory Investment Management Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter valued at approximately $32,000. Trust Co. of Vermont bought a new position in shares of Sprott Physical Silver Trust during the 2nd quarter valued at about $39,000. Costello Asset Management INC increased its stake in shares of Sprott Physical Silver Trust by 76.5% in the first quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,300 shares during the period. Finally, Root Financial Partners LLC bought a new position in Sprott Physical Silver Trust in the 3rd quarter valued at $60,000.

Sprott Physical Silver Trust Price Performance

Shares of PSLV opened at $16.84 on Friday. Sprott Physical Silver Trust has a fifty-two week low of $15.78 and a fifty-two week high of $38.13. The company’s 50-day moving average is $19.51 and its 200-day moving average is $22.69.

Sprott Physical Silver Trust 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.