Sprott Physical Silver Trust $PSLV Stake Increased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. increased its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 949,716 shares of the exchange traded fund’s stock after buying an additional 69,174 shares during the period. Sprott Physical Silver Trust accounts for about 1.5% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 6th largest position. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Silver Trust were worth $14,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in PSLV. Jane Street Group LLC boosted its position in Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after acquiring an additional 3,582,153 shares in the last quarter. 3EDGE Asset Management LP acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at $34,374,000. Alps Advisors Inc. lifted its holdings in shares of Sprott Physical Silver Trust by 118.7% during the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after purchasing an additional 1,657,153 shares during the period. Jupiter Asset Management Ltd. lifted its stake in Sprott Physical Silver Trust by 15.2% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 7,610,391 shares of the exchange traded fund’s stock valued at $93,214,000 after acquiring an additional 1,002,527 shares during the period. Finally, TT Capital Management LLC boosted its holdings in 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 during the last quarter.

Sprott Physical Silver Trust Stock Up 1.6%

Shares of NYSEARCA PSLV opened at $25.82 on Friday. The firm’s 50 day simple moving average is $26.63 and its 200-day simple moving average is $19.44. Sprott Physical Silver Trust has a 12 month low of $9.97 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.