IMC Chicago LLC Takes Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

IMC Chicago LLC purchased a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,112,147 shares of the exchange traded fund’s stock, valued at approximately $11,622,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. ADE LLC grew its stake in shares of Sprott Physical Silver Trust by 8.3% during the third quarter. ADE LLC now owns 33,357 shares of the exchange traded fund’s stock worth $349,000 after purchasing an additional 2,545 shares during the period. Pettinga Financial Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 24.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 196,355 shares of the exchange traded fund’s stock worth $2,052,000 after buying an additional 38,490 shares during the period. Mainstay Capital Management LLC ADV acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $163,000. International Assets Investment Management LLC raised its position in shares of Sprott Physical Silver Trust by 483.5% in the 3rd quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock valued at $53,330,000 after acquiring an additional 461,785 shares during the period. Finally, Private Advisor Group LLC boosted its stake in Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 301,194 shares of the exchange traded fund’s stock worth $3,147,000 after acquiring an additional 2,707 shares during the last quarter.

Sprott Physical Silver Trust Stock Down 2.0 %

Shares of NYSEARCA:PSLV opened at $11.44 on Thursday. The company has a 50 day moving average price of $10.49 and a two-hundred day moving average price of $10.09. Sprott Physical Silver Trust has a 52 week low of $7.40 and a 52 week high of $11.77.

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.