AlphaCore Capital LLC Sells 70,000 Shares of Sprott Physical Silver Trust $PSLV

AlphaCore Capital LLC cut its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 49.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,575 shares of the exchange traded fund’s stock after selling 70,000 shares during the quarter. AlphaCore Capital LLC’s holdings in Sprott Physical Silver Trust were worth $1,108,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Sprott Physical Silver Trust by 29.0% in the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after purchasing an additional 2,203,767 shares during the last quarter. 3EDGE Asset Management LP acquired a new position in shares of Sprott Physical Silver Trust during the third quarter worth $34,374,000. Alps Advisors Inc. increased its position in shares of Sprott Physical Silver Trust by 118.7% during the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after purchasing an additional 1,657,153 shares in the last quarter. Finally, TT Capital Management LLC lifted its holdings in shares of Sprott Physical Silver Trust by 4,785.4% during the 2nd quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock valued at $8,415,000 after purchasing an additional 673,403 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $29.14 on Friday. Sprott Physical Silver Trust has a 1-year low of $9.97 and a 1-year high of $38.13. The stock’s fifty day moving average price is $27.40 and its 200 day moving average price is $20.00.

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.