StoneX Group Inc. Purchases New Holdings in Sprott Physical Silver Trust $PSLV

StoneX Group Inc. purchased a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 64,154 shares of the exchange traded fund’s stock, valued at approximately $1,243,000.

A number of other hedge funds have also modified their holdings of PSLV. IMC Chicago LLC increased its stake in shares of Sprott Physical Silver Trust by 5,217.0% in the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after purchasing an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of Sprott Physical Silver Trust during the 1st quarter valued at $199,763,000. Integrity Alliance LLC. bought a new position in Sprott Physical Silver Trust in the 3rd quarter worth $13,575,000. Alps Advisors Inc. boosted its holdings in Sprott Physical Silver Trust by 10.8% in the 3rd quarter. Alps Advisors Inc. now owns 6,400,186 shares of the exchange traded fund’s stock worth $123,972,000 after buying an additional 622,980 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in Sprott Physical Silver Trust in the 3rd quarter worth $7,953,000.

Sprott Physical Silver Trust Trading Up 2.7%

Shares of PSLV stock opened at $17.30 on Tuesday. Sprott Physical Silver Trust has a 52-week low of $15.78 and a 52-week high of $38.13. The stock has a fifty day simple moving average of $19.42 and a two-hundred day simple moving average of $22.63.

Sprott Physical Silver Trust 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.