Sprott Physical Silver Trust (NYSEARCA:PSLV) Sets New 12-Month Low – Here’s What Happened

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $15.78 and last traded at $15.7650, with a volume of 3,203,634 shares trading hands. The stock had previously closed at $16.15.

Sprott Physical Silver Trust Stock Down 2.3%

The stock has a fifty day moving average of $19.13 and a 200 day moving average of $22.38.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of hedge funds and other institutional investors have recently modified their holdings of PSLV. Benjamin Edwards Inc. purchased a new position in Sprott Physical Silver Trust during the third quarter valued at $738,000. Cornerstone Select Advisors LLC lifted its stake in Sprott Physical Silver Trust by 1.9% in the 3rd quarter. Cornerstone Select Advisors LLC now owns 31,800 shares of the exchange traded fund’s stock worth $616,000 after purchasing an additional 600 shares in the last quarter. Private Advisor Group LLC lifted its stake in Sprott Physical Silver Trust by 9.0% in the 3rd quarter. Private Advisor Group LLC now owns 388,528 shares of the exchange traded fund’s stock worth $7,526,000 after purchasing an additional 32,166 shares in the last quarter. Focus Advisor Solutions LLC boosted its holdings in shares of Sprott Physical Silver Trust by 7.5% during the 3rd quarter. Focus Advisor Solutions LLC now owns 31,865 shares of the exchange traded fund’s stock valued at $617,000 after purchasing an additional 2,215 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Sprott Physical Silver Trust by 1,140.0% during the 3rd quarter. Global Retirement Partners LLC now owns 3,100 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 2,850 shares during the last quarter.

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.