Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating)'s share price gapped up before the market opened on Monday . The stock had previously closed at $8.56, but opened at $8.80. Sprott Physical Silver Trust shares last traded at $8.77, with a volume of 510,066 shares changing hands.

Sprott Physical Silver Trust Stock Up 1.9 %

The firm's fifty day moving average is $7.99 and its 200 day moving average is $7.74.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 4.6% during the fourth quarter. Flagship Harbor Advisors LLC now owns 31,156 shares of the exchange traded fund's stock worth $257,000 after buying an additional 1,357 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Sprott Physical Silver Trust by 2.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 53,982 shares of the exchange traded fund's stock valued at $445,000 after acquiring an additional 1,500 shares during the period. Scotia Capital Inc. grew its position in shares of Sprott Physical Silver Trust by 12.5% in the 4th quarter. Scotia Capital Inc. now owns 13,485 shares of the exchange traded fund's stock valued at $114,000 after acquiring an additional 1,500 shares during the period. Blair William & Co. IL lifted its stake in shares of Sprott Physical Silver Trust by 1.9% during the 4th quarter. Blair William & Co. IL now owns 81,100 shares of the exchange traded fund's stock worth $668,000 after buying an additional 1,550 shares during the last quarter. Finally, New Harbor Financial Group LLC lifted its stake in shares of Sprott Physical Silver Trust by 1.7% during the 3rd quarter. New Harbor Financial Group LLC now owns 96,219 shares of the exchange traded fund's stock worth $636,000 after buying an additional 1,632 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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