Cibc World Market Inc. Grows Position in Sprott Physical Silver Trust $PSLV

Cibc World Market Inc. grew its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.8% during the third quarter, Holdings Channel.com reports. The fund owned 849,348 shares of the exchange traded fund’s stock after purchasing an additional 61,281 shares during the quarter. Cibc World Market Inc.’s holdings in Sprott Physical Silver Trust were worth $13,335,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PSLV. Highline Wealth Partners LLC purchased a new position in Sprott Physical Silver Trust during the third quarter worth about $25,000. Redwood Park Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the 2nd quarter worth approximately $32,000. Atlantic Union Bankshares Corp purchased a new position in shares of Sprott Physical Silver Trust in the 2nd quarter worth approximately $32,000. Quilter Plc purchased a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $53,000. Finally, CWM LLC grew its holdings in shares of Sprott Physical Silver Trust by 152.5% in the third quarter. CWM LLC now owns 4,075 shares of the exchange traded fund’s stock valued at $64,000 after acquiring an additional 2,461 shares in the last quarter.

Sprott Physical Silver Trust Stock Down 11.8%

Shares of PSLV opened at $24.40 on Friday. The stock has a 50 day moving average of $26.13 and a 200 day moving average of $19.01. Sprott Physical Silver Trust has a 12 month low of $9.97 and a 12 month high of $38.13.

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.