Summit Financial LLC Purchases 61,995 Shares of Sprott Physical Silver Trust $PSLV

Summit Financial LLC increased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 855,109 shares of the exchange traded fund’s stock after acquiring an additional 61,995 shares during the period. Summit Financial LLC’s holdings in Sprott Physical Silver Trust were worth $20,223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PSLV. NewEdge Advisors LLC increased its holdings in Sprott Physical Silver Trust by 23.2% during the 1st quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 12,810 shares during the period. Cerity Partners LLC increased its holdings in Sprott Physical Silver Trust by 5.2% during the 2nd quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock worth $1,260,000 after acquiring an additional 5,081 shares during the period. Ausdal Financial Partners Inc. increased its holdings in Sprott Physical Silver Trust by 24.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock worth $916,000 after acquiring an additional 14,484 shares during the period. Jane Street Group LLC increased its holdings in Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after acquiring an additional 3,582,153 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Sprott Physical Silver Trust by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock worth $5,693,000 after buying an additional 20,856 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $21.56 on Friday. The company’s fifty day moving average price is $24.30 and its 200-day moving average price is $24.97. Sprott Physical Silver Trust has a one year low of $11.91 and a one 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.