Alpha Advisors LLC VA Takes $3.34 Million Position in Sprott Physical Silver Trust $PSLV

Alpha Advisors LLC VA acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 212,700 shares of the exchange traded fund’s stock, valued at approximately $3,339,000. Sprott Physical Silver Trust comprises approximately 2.5% of Alpha Advisors LLC VA’s investment portfolio, making the stock its 13th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 23.2% in the 1st 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. Envestnet Asset Management Inc. boosted its position in shares of Sprott Physical Silver Trust by 28.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,050,899 shares of the exchange traded fund’s stock worth $12,863,000 after purchasing an additional 230,006 shares during the period. Bank of Montreal Can increased its holdings in Sprott Physical Silver Trust by 36.2% in the 2nd quarter. Bank of Montreal Can now owns 861,955 shares of the exchange traded fund’s stock valued at $10,550,000 after purchasing an additional 229,166 shares during the last quarter. TKG Advisors LLC acquired a new stake in Sprott Physical Silver Trust in the 2nd quarter valued at approximately $150,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in Sprott Physical Silver Trust in the second quarter valued at approximately $32,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA:PSLV opened at $27.22 on Thursday. Sprott Physical Silver Trust has a 52 week low of $9.97 and a 52 week high of $38.13. The stock’s fifty day moving average is $27.84 and its two-hundred day moving average is $20.49.

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.