LPL Financial LLC Raises Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

LPL Financial LLC boosted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 15.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,496,122 shares of the exchange traded fund’s stock after buying an additional 332,138 shares during the period. LPL Financial LLC owned approximately 0.52% of Sprott Physical Silver Trust worth $28,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. PFG Advisors grew its stake in Sprott Physical Silver Trust by 7.9% in the 1st quarter. PFG Advisors now owns 49,402 shares of the exchange traded fund’s stock valued at $573,000 after buying an additional 3,601 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Sprott Physical Silver Trust by 21.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 19,660 shares of the exchange traded fund’s stock valued at $198,000 after purchasing an additional 3,462 shares in the last quarter. PFG Investments LLC grew its position in shares of Sprott Physical Silver Trust by 28.2% during the 1st quarter. PFG Investments LLC now owns 89,450 shares of the exchange traded fund’s stock valued at $1,038,000 after purchasing an additional 19,670 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Sprott Physical Silver Trust by 15.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 523,675 shares of the exchange traded fund’s stock valued at $6,075,000 after purchasing an additional 69,345 shares in the last quarter. Finally, Csenge Advisory Group grew its position in shares of Sprott Physical Silver Trust by 33.1% during the 1st quarter. Csenge Advisory Group now owns 23,498 shares of the exchange traded fund’s stock valued at $258,000 after purchasing an additional 5,840 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

PSLV opened at $12.52 on Friday. Sprott Physical Silver Trust has a one year low of $9.12 and a one year high of $13.41. The company has a fifty day moving average price of $12.34 and a 200-day moving average price of $11.40.

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.