International Assets Investment Management LLC Increases Stake in Sprott Physical Silver Trust $PSLV

International Assets Investment Management LLC lifted its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 12.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 496,290 shares of the exchange traded fund’s stock after buying an additional 54,523 shares during the quarter. Sprott Physical Silver Trust makes up approximately 0.3% of International Assets Investment Management LLC’s portfolio, making the stock its 28th biggest position. International Assets Investment Management LLC’s holdings in Sprott Physical Silver Trust were worth $12,129,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSLV. Enclave Advisors LLC acquired a new position in Sprott Physical Silver Trust during the 4th quarter worth approximately $4,795,000. JPMorgan Chase & Co. increased its position in shares of Sprott Physical Silver Trust by 25.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock valued at $2,292,000 after purchasing an additional 30,062 shares during the last quarter. Beaumont Financial Advisors LLC raised its holdings 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. Wealthcare Advisory Partners LLC lifted its position in shares of Sprott Physical Silver Trust by 16.4% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 352,808 shares of the exchange traded fund’s stock worth $8,344,000 after purchasing an additional 49,793 shares during the last quarter. Finally, World Investment Advisors lifted its position in shares of Sprott Physical Silver Trust by 15.4% during the 4th quarter. World Investment Advisors now owns 889,940 shares of the exchange traded fund’s stock worth $21,047,000 after purchasing an additional 118,445 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock traded down $0.07 on Friday, reaching $19.14. 4,847,024 shares of the stock were exchanged, compared to its average volume of 15,253,839. The business’s 50 day moving average price is $22.39 and its 200 day moving average price is $24.97. Sprott Physical Silver Trust has a twelve month low of $12.32 and a twelve 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.