Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating)'s share price gapped down prior to trading on Monday . The stock had previously closed at $8.14, but opened at $7.92. Sprott Physical Silver Trust shares last traded at $7.86, with a volume of 1,461,212 shares.

Sprott Physical Silver Trust Stock Down 4.4 %

The stock's fifty day simple moving average is $7.85 and its 200 day simple moving average is $7.10.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of Sprott Physical Silver Trust during the second quarter valued at about $239,000. Virginia Wealth Management Group Inc. acquired a new position in shares of Sprott Physical Silver Trust during the second quarter valued at about $195,000. Tiedemann Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust during the third quarter valued at about $70,000. Quilter Plc increased its holdings in shares of Sprott Physical Silver Trust by 2.3% during the second quarter. Quilter Plc now owns 424,450 shares of the exchange traded fund's stock valued at $2,929,000 after acquiring an additional 9,550 shares in the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Sprott Physical Silver Trust by 24,389.0% during the third quarter. Truist Financial Corp now owns 2,988,143 shares of the exchange traded fund's stock valued at $19,782,000 after acquiring an additional 2,975,941 shares in the last quarter.

About Sprott Physical Silver Trust

Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.

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