Mirae Asset Global Investments Co. Ltd. Purchases New Stake in Sprott Physical Silver Trust $PSLV

Mirae Asset Global Investments Co. Ltd. acquired a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 182,625 shares of the exchange traded fund’s stock, valued at approximately $3,537,000.

A number of other hedge funds have also bought and sold shares of the business. Vise Technologies Inc. grew its position in shares of Sprott Physical Silver Trust by 31.1% in the third quarter. Vise Technologies Inc. now owns 29,518 shares of the exchange traded fund’s stock valued at $572,000 after purchasing an additional 7,000 shares in the last quarter. MGO One Seven LLC raised its stake in shares of Sprott Physical Silver Trust by 12.9% during the 3rd quarter. MGO One Seven LLC now owns 14,728 shares of the exchange traded fund’s stock valued at $285,000 after purchasing an additional 1,678 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in Sprott Physical Silver Trust during the 3rd quarter worth about $29,000. Convergence Financial LLC purchased a new stake in Sprott Physical Silver Trust during the 3rd quarter worth about $673,000. Finally, Leslie Global Wealth LLC purchased a new stake in Sprott Physical Silver Trust during the 3rd quarter worth about $234,000.

Sprott Physical Silver Trust Stock Down 0.2%

NYSEARCA PSLV traded down $0.03 during trading hours on Friday, hitting $16.84. The company had a trading volume of 3,431,927 shares, compared to its average volume of 11,991,933. Sprott Physical Silver Trust has a 52 week low of $15.78 and a 52 week high of $38.13. The firm has a 50 day simple moving average of $19.51 and a 200 day simple moving average of $22.69.

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.