Abbington Investment Group Makes New Investment in Sprott Physical Silver Trust $PSLV

Abbington Investment Group acquired a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 266,636 shares of the exchange traded fund’s stock, valued at approximately $4,186,000. Sprott Physical Silver Trust accounts for 3.6% of Abbington Investment Group’s investment portfolio, making the stock its 7th largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in PSLV. NewEdge Advisors LLC grew its stake in Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after acquiring an additional 12,810 shares during the period. Integrity Alliance LLC. bought a new position in shares of Sprott Physical Silver Trust in the 1st quarter worth $190,000. Fortis Capital Advisors LLC acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at $751,000. McAdam LLC bought a new stake in Sprott Physical Silver Trust during the 1st quarter valued at $241,000. Finally, Private Client Services LLC raised its holdings in Sprott Physical Silver Trust by 28.5% during the second quarter. Private Client Services LLC now owns 32,151 shares of the exchange traded fund’s stock worth $394,000 after buying an additional 7,131 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 2.1%

Shares of NYSEARCA PSLV opened at $25.48 on Friday. The company has a 50-day moving average price of $20.09 and a 200-day moving average price of $16.12. Sprott Physical Silver Trust has a 1 year low of $9.88 and a 1 year high of $27.01.

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. 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.