Envestnet Asset Management Inc. Acquires 3,700 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Envestnet Asset Management Inc. raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 629,285 shares of the exchange traded fund’s stock after acquiring an additional 3,700 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.13% of Sprott Physical Silver Trust worth $6,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Millstone Evans Group LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter valued at about $58,000. US Bancorp DE boosted its holdings in shares of Sprott Physical Silver Trust by 21.6% in the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 1,250 shares during the period. FNY Investment Advisers LLC bought a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $80,000. Guild Investment Management Inc. purchased a new position in Sprott Physical Silver Trust during the 4th quarter worth $101,000. Finally, James Hambro & Partners LLP bought a new stake in Sprott Physical Silver Trust during the 4th quarter valued at $106,000.

Sprott Physical Silver Trust Price Performance

PSLV opened at $11.06 on Tuesday. Sprott Physical Silver Trust has a 12-month low of $8.81 and a 12-month high of $11.77. The business’s fifty day simple moving average is $11.01 and its 200-day simple moving average is $10.65.

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.