Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Up – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $27.91, but opened at $28.71. Sprott Physical Silver Trust shares last traded at $28.9610, with a volume of 10,137,850 shares traded.

Sprott Physical Silver Trust Stock Performance

The firm’s 50 day moving average is $26.78 and its 200-day moving average is $19.64.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Several hedge funds and other institutional investors have recently made changes to their positions in PSLV. Federation des caisses Desjardins du Quebec grew its holdings in Sprott Physical Silver Trust by 4.2% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock valued at $403,725,000 after buying an additional 681,981 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 29.0% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after acquiring an additional 2,203,767 shares during the period. Jane Street Group LLC boosted its position in shares of Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after acquiring an additional 3,582,153 shares during the last quarter. Alps Advisors Inc. grew its holdings in shares of Sprott Physical Silver Trust by 76.5% in the fourth quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock valued at $127,417,000 after purchasing an additional 2,334,928 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Sprott Physical Silver Trust by 8.0% in the fourth quarter. Morgan Stanley now owns 4,760,761 shares of the exchange traded fund’s stock valued at $112,592,000 after purchasing an additional 353,293 shares during the period.

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.