HighTower Advisors LLC Acquires 52,131 Shares of Sprott Physical Silver Trust $PSLV

HighTower Advisors LLC boosted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.7% during the 4th quarter, Holdings Channel reports. The fund owned 726,964 shares of the exchange traded fund’s stock after buying an additional 52,131 shares during the period. HighTower Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $17,193,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. TKG Advisors LLC grew its holdings in Sprott Physical Silver Trust by 3.0% during the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 356 shares in the last quarter. Latitude Advisors LLC grew its holdings in Sprott Physical Silver Trust by 1.5% during the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after acquiring an additional 500 shares in the last quarter. Crane Advisory LLC grew its holdings in Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 538 shares in the last quarter. US Bancorp DE grew its holdings in Sprott Physical Silver Trust by 3.3% during the 3rd quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after acquiring an additional 596 shares in the last quarter. Finally, Mountain Capital Investment Advisors Inc. grew its holdings in Sprott Physical Silver Trust by 3.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 622 shares in the last quarter.

Sprott Physical Silver Trust Trading Down 1.7%

Shares of Sprott Physical Silver Trust stock opened at $24.24 on Friday. Sprott Physical Silver Trust has a 1 year low of $11.03 and a 1 year high of $38.13. The firm’s 50-day moving average is $24.65 and its two-hundred day moving average is $24.32.

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.