Independent Advisor Alliance Invests $144,000 in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Independent Advisor Alliance acquired a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,888 shares of the exchange traded fund’s stock, valued at approximately $144,000.

A number of other institutional investors and hedge funds have also modified their holdings of PSLV. Wealthcare Capital Management LLC raised its stake in Sprott Physical Silver Trust by 3.7% during the 4th quarter. Wealthcare Capital Management LLC now owns 4,108,300 shares of the exchange traded fund’s stock valued at $39,645,000 after purchasing an additional 148,402 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at about $25,348,000. Capital Wealth Alliance LLC lifted its stake in shares of Sprott Physical Silver Trust by 6.5% in the fourth quarter. Capital Wealth Alliance LLC now owns 2,432,372 shares of the exchange traded fund’s stock valued at $23,473,000 after buying an additional 149,161 shares during the period. Sprott Inc. grew its position in Sprott Physical Silver Trust by 35.5% during the fourth quarter. Sprott Inc. now owns 1,892,049 shares of the exchange traded fund’s stock worth $18,258,000 after buying an additional 495,791 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in Sprott Physical Silver Trust during the third quarter worth about $19,598,000.

Sprott Physical Silver Trust Price Performance

PSLV stock opened at $11.51 on Friday. Sprott Physical Silver Trust has a twelve month low of $8.12 and a twelve month high of $11.77. The business’s 50-day simple moving average is $10.78 and its 200 day simple moving average is $10.53.

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.