K.J. Harrison & Partners Inc Purchases 279,665 Shares of Sprott Physical Silver Trust $PSLV

K.J. Harrison & Partners Inc raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 64.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 713,622 shares of the exchange traded fund’s stock after acquiring an additional 279,665 shares during the quarter. Sprott Physical Silver Trust makes up about 2.3% of K.J. Harrison & Partners Inc’s investment portfolio, making the stock its 8th largest position. K.J. Harrison & Partners Inc’s holdings in Sprott Physical Silver Trust were worth $16,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Enclave Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth about $4,795,000. Commonwealth Equity Services LLC grew its position in Sprott Physical Silver Trust by 8.0% in the third quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock valued at $8,062,000 after acquiring an additional 38,084 shares during the period. D.A. Davidson & CO. bought a new position in shares of Sprott Physical Silver Trust during the third quarter valued at $795,000. Hohimer Wealth Management LLC lifted its holdings in shares of Sprott Physical Silver Trust by 1,219.2% during the third quarter. Hohimer Wealth Management LLC now owns 230,449 shares of the exchange traded fund’s stock valued at $3,618,000 after acquiring an additional 212,980 shares during the period. Finally, Beaumont Financial Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 24.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock valued at $3,190,000 after purchasing an additional 26,125 shares in the last quarter.

Sprott Physical Silver Trust Trading Up 6.2%

Shares of Sprott Physical Silver Trust stock opened at $25.05 on Thursday. Sprott Physical Silver Trust has a 12-month low of $10.73 and a 12-month high of $38.13. The company has a 50-day simple moving average of $25.27 and a 200 day simple moving average of $23.55.

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.