Sprott Physical Silver Trust (NYSEARCA:PSLV) Hits New 12-Month High – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $36.04 and last traded at $36.2640, with a volume of 6043353 shares. The stock had previously closed at $33.22.

Sprott Physical Silver Trust Trading Up 10.8%

The firm has a fifty day simple moving average of $23.04 and a two-hundred day simple moving average of $17.53.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings 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 buying an additional 3,582,153 shares during the period. Jupiter Asset Management Ltd. lifted its position in shares of 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. 3EDGE Asset Management LP bought a new position in shares of Sprott Physical Silver Trust in the third quarter worth $34,374,000. Alps Advisors Inc. boosted its holdings in shares of Sprott Physical Silver Trust by 118.7% in the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after acquiring an additional 1,657,153 shares during the period. Finally, TT Capital Management LLC grew its position in shares of Sprott Physical Silver Trust by 4,785.4% in the second quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock valued at $8,415,000 after purchasing an additional 673,403 shares in the last quarter.

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. 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.