Gateway Wealth Partners LLC Purchases 51,218 Shares of Sprott Physical Silver Trust $PSLV

Gateway Wealth Partners LLC lifted its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 285.6% in the first quarter, HoldingsChannel reports. The fund owned 69,150 shares of the exchange traded fund’s stock after buying an additional 51,218 shares during the period. Gateway Wealth Partners LLC’s holdings in Sprott Physical Silver Trust were worth $1,687,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. IMC Chicago LLC boosted its holdings in 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 valued at $313,496,000 after acquiring an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP bought a new stake in Sprott Physical Silver Trust during the 1st quarter worth about $199,763,000. Jane Street Group LLC lifted its position in 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 purchasing an additional 3,582,153 shares during the period. Alps Advisors Inc. lifted its position in Sprott Physical Silver Trust by 76.5% during the 4th 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, Hatch Cove Capital LLC bought a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at about $18,705,000.

Sprott Physical Silver Trust Stock Down 2.1%

Shares of NYSEARCA PSLV opened at $18.48 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $12.32 and a 1 year high of $38.13. The firm’s 50-day moving average is $20.66 and its 200-day moving average is $24.46.

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.