Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Up – What’s Next?

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped up prior to trading on Friday . The stock had previously closed at $23.96, but opened at $24.99. Sprott Physical Silver Trust shares last traded at $24.9040, with a volume of 3,086,700 shares traded.

Sprott Physical Silver Trust Stock Up 8.7%

The stock has a fifty day moving average of $18.47 and a 200-day moving average of $15.35.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in PSLV. World Investment Advisors boosted its stake in Sprott Physical Silver Trust by 38.6% in the third quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock worth $12,112,000 after buying an additional 214,997 shares in the last quarter. Accordant Advisory Group Inc raised its stake in shares of Sprott Physical Silver Trust by 3.6% during the second quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after acquiring an additional 18,410 shares in the last quarter. Regency Capital Management Inc. DE lifted its holdings in shares of Sprott Physical Silver Trust by 3.1% in the 2nd quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock worth $2,557,000 after acquiring an additional 6,200 shares during the last quarter. Sharp Financial Services LLC purchased a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter valued at $147,000. Finally, Bleakley Financial Group LLC grew its holdings in shares of Sprott Physical Silver Trust by 0.3% during the 2nd quarter. Bleakley Financial Group LLC now owns 299,258 shares of the exchange traded fund’s stock valued at $3,663,000 after purchasing an additional 910 shares during the last quarter.

Sprott Physical Silver Trust Company 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. 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.