Alps Advisors Inc. Has $47.93 Million Stock Holdings in Sprott Physical Silver Trust $PSLV

Alps Advisors Inc. grew its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 118.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,052,702 shares of the exchange traded fund’s stock after acquiring an additional 1,657,153 shares during the quarter. Alps Advisors Inc. owned about 0.53% of Sprott Physical Silver Trust worth $47,927,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PSLV. NewEdge Advisors LLC raised 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 purchasing an additional 12,810 shares in the last quarter. Blue Trust Inc. bought a new position in Sprott Physical Silver Trust in the 2nd quarter valued at about $74,000. Apollon Wealth Management LLC raised its position in shares of Sprott Physical Silver Trust by 3.4% in the 2nd quarter. Apollon Wealth Management LLC now owns 98,916 shares of the exchange traded fund’s stock valued at $1,211,000 after buying an additional 3,280 shares in the last quarter. Sharp Financial Services LLC bought a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter worth approximately $147,000. Finally, MGO One Seven LLC lifted its holdings in shares of Sprott Physical Silver Trust by 11.8% during the 2nd quarter. MGO One Seven LLC now owns 17,884 shares of the exchange traded fund’s stock worth $219,000 after acquiring an additional 1,881 shares during the period.

Sprott Physical Silver Trust Trading Up 5.5%

NYSEARCA PSLV opened at $24.92 on Friday. The firm’s 50 day simple moving average is $25.56 and its 200 day simple moving average is $18.68. Sprott Physical Silver Trust has a 1 year low of $9.97 and a 1 year high of $38.13.

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. 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.