Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating) saw an uptick in trading volume on Tuesday . 6,202,464 shares changed hands during mid-day trading, an increase of 66% from the previous session's volume of 3,732,046 shares.The stock last traded at $8.54 and had previously closed at $8.31.

Sprott Physical Silver Trust Price Performance

The business's 50-day moving average is $7.61 and its two-hundred day moving average is $7.46.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in shares of Sprott Physical Silver Trust by 31.4% in the 3rd quarter. Royal Bank of Canada now owns 3,023,356 shares of the exchange traded fund's stock valued at $20,015,000 after acquiring an additional 721,997 shares during the period. Tiedemann Advisors LLC bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at about $70,000. Barometer Capital Management Inc. grew its position in shares of Sprott Physical Silver Trust by 205.6% in the 3rd quarter. Barometer Capital Management Inc. now owns 152,500 shares of the exchange traded fund's stock valued at $1,010,000 after acquiring an additional 102,600 shares during the period. Truist Financial Corp lifted its stake in shares of Sprott Physical Silver Trust by 24,389.0% during the 3rd quarter. Truist Financial Corp now owns 2,988,143 shares of the exchange traded fund's stock worth $19,782,000 after buying an additional 2,975,941 shares during the last quarter. Finally, Gradient Investments LLC lifted its stake in shares of Sprott Physical Silver Trust by 30.9% during the 4th quarter. Gradient Investments LLC now owns 214,636 shares of the exchange traded fund's stock worth $1,769,000 after buying an additional 50,654 shares during the last quarter.

Sprott Physical Silver Trust Company Profile

(Get Rating)

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.

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