Rathbones Group PLC Decreases Holdings in Sprott Physical Silver Trust $PSLV

Rathbones Group PLC trimmed its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 44.3% during the first quarter, HoldingsChannel reports. The firm owned 177,958 shares of the exchange traded fund’s stock after selling 141,475 shares during the quarter. Rathbones Group PLC’s holdings in Sprott Physical Silver Trust were worth $4,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. IMC Chicago LLC raised its position 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 worth $313,496,000 after acquiring an additional 12,611,729 shares during the period. Weiss Asset Management LP purchased a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth approximately $199,763,000. Jane Street Group LLC raised its holdings 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 purchasing an additional 3,582,153 shares during the period. Alps Advisors Inc. raised its holdings in shares of Sprott Physical Silver Trust by 76.5% in the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after purchasing an additional 2,334,928 shares during the period. Finally, Hatch Cove Capital LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter valued at approximately $18,705,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA PSLV opened at $18.89 on Tuesday. The stock has a fifty day simple moving average of $20.21 and a two-hundred day simple moving average of $24.23. Sprott Physical Silver Trust has a 1-year low of $12.61 and a 1-year high of $38.13.

About Sprott Physical Silver Trust

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.