Pictet Asset Management Holding SA Purchases 122,334 Shares of Sprott Physical Silver Trust $PSLV

Pictet Asset Management Holding SA increased its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 42.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 407,778 shares of the exchange traded fund’s stock after acquiring an additional 122,334 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Sprott Physical Silver Trust were worth $9,644,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PSLV. ORG Wealth Partners LLC bought a new position in Sprott Physical Silver Trust in the 4th quarter worth about $25,000. Strategic Advocates LLC bought a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $29,000. Franklin Resources Inc. bought a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $39,000. Private Trust Co. NA lifted its stake in Sprott Physical Silver Trust by 218.4% during the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 1,166 shares during the period. Finally, Quilter Plc bought a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $53,000.

Sprott Physical Silver Trust Stock Performance

PSLV opened at $24.43 on Friday. The company’s 50-day simple moving average is $25.45 and its two-hundred day simple moving average is $23.42. Sprott Physical Silver Trust has a 52-week low of $10.72 and a 52-week 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.