International Assets Investment Management LLC Increases Position in Sprott Physical Silver Trust $PSLV

International Assets Investment Management LLC grew its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 496,290 shares of the exchange traded fund’s stock after purchasing an additional 54,523 shares during the period. Sprott Physical Silver Trust makes up about 0.3% of International Assets Investment Management LLC’s holdings, making the stock its 28th largest holding. International Assets Investment Management LLC owned about 0.08% of Sprott Physical Silver Trust worth $12,129,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Enclave Advisors LLC acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $4,795,000. JPMorgan Chase & Co. boosted its stake in shares of Sprott Physical Silver Trust by 25.9% in the third quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock valued at $2,292,000 after purchasing an additional 30,062 shares during the period. Beaumont Financial Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 24.0% in the fourth quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock valued at $3,190,000 after purchasing an additional 26,125 shares during the period. Wealthcare Advisory Partners LLC grew its holdings in shares of Sprott Physical Silver Trust by 16.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 352,808 shares of the exchange traded fund’s stock valued at $8,344,000 after purchasing an additional 49,793 shares in the last quarter. Finally, World Investment Advisors increased its stake in Sprott Physical Silver Trust by 15.4% during the 4th quarter. World Investment Advisors now owns 889,940 shares of the exchange traded fund’s stock worth $21,047,000 after buying an additional 118,445 shares during the period.

Sprott Physical Silver Trust Price Performance

Sprott Physical Silver Trust stock traded down $0.07 during mid-day trading on Friday, reaching $19.14. 4,847,024 shares of the company’s stock were exchanged, compared to its average volume of 15,253,839. Sprott Physical Silver Trust has a twelve month low of $12.32 and a twelve month high of $38.13. The company has a fifty day moving average of $22.39 and a 200-day moving average of $24.97.

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.