Wolverine Asset Management LLC Invests $998,000 in Sprott Physical Silver Trust $PSLV

Wolverine Asset Management LLC purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 4th quarter, Holdings Channel.com reports. The firm purchased 42,202 shares of the exchange traded fund’s stock, valued at approximately $998,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSLV. Jane Street Group LLC grew its stake in shares of Sprott Physical Silver Trust by 163.6% in the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after buying an additional 3,582,153 shares during the last quarter. Jupiter Asset Management Ltd. grew its stake in shares of Sprott Physical Silver Trust by 29.0% in 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 buying an additional 2,203,767 shares during the last quarter. 3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $34,374,000. Alps Advisors Inc. grew its stake in shares of Sprott Physical Silver Trust by 118.7% in the 3rd quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after buying an additional 1,657,153 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. grew its stake in shares of Sprott Physical Silver Trust by 61.8% in the 4th quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock worth $19,048,000 after buying an additional 323,722 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock opened at $23.59 on Wednesday. Sprott Physical Silver Trust has a twelve month low of $10.73 and a twelve month high of $38.13. The stock’s 50 day moving average is $25.36 and its 200 day moving average is $23.50.

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.