Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down to $10.74

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) gapped down before the market opened on Friday . The stock had previously closed at $10.74, but opened at $10.51. Sprott Physical Silver Trust shares last traded at $10.50, with a volume of 401,468 shares trading hands.

Sprott Physical Silver Trust Stock Performance

The stock has a 50 day moving average price of $10.07 and a 200 day moving average price of $8.86.

Institutional Trading of Sprott Physical Silver Trust

A number of hedge funds have recently made changes to their positions in PSLV. Fidelis Capital Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter valued at about $8,923,000. Flow Traders U.S. LLC boosted its stake in shares of Sprott Physical Silver Trust by 79.9% during the first quarter. Flow Traders U.S. LLC now owns 1,562,102 shares of the exchange traded fund’s stock valued at $12,950,000 after purchasing an additional 693,988 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Sprott Physical Silver Trust by 315.7% in the first quarter. Cetera Investment Advisers now owns 750,530 shares of the exchange traded fund’s stock worth $6,222,000 after acquiring an additional 570,002 shares during the period. Accordant Advisory Group Inc acquired a new position in shares of Sprott Physical Silver Trust in the first quarter worth approximately $3,700,000. Finally, Simplicity Wealth LLC acquired a new position in shares of Sprott Physical Silver Trust in the first quarter worth approximately $2,470,000.

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.