International Assets Investment Management LLC Invests $3.67 Million in Sprott Physical Silver Trust $PSLV

International Assets Investment Management LLC bought a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 233,791 shares of the exchange traded fund’s stock, valued at approximately $3,671,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PSLV. Jane Street Group LLC lifted its holdings in Sprott Physical Silver Trust by 163.6% in the second 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 period. 3EDGE Asset Management LP purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $34,374,000. Jupiter Asset Management Ltd. raised its position in shares of Sprott Physical Silver Trust by 15.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 7,610,391 shares of the exchange traded fund’s stock worth $93,214,000 after acquiring an additional 1,002,527 shares in the last quarter. TT Capital Management LLC raised its position in shares of Sprott Physical Silver Trust by 4,785.4% in the 2nd quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock worth $8,415,000 after acquiring an additional 673,403 shares in the last quarter. Finally, TIAA Trust National Association lifted its stake in shares of Sprott Physical Silver Trust by 297.5% in the 2nd quarter. TIAA Trust National Association now owns 810,456 shares of the exchange traded fund’s stock valued at $9,920,000 after purchasing an additional 606,556 shares during the period.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $33.22 on Friday. The stock’s 50 day moving average is $23.04 and its 200 day moving average is $17.50. Sprott Physical Silver Trust has a twelve month low of $9.96 and a twelve month high of $33.25.

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.