Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Acquired by LPL Financial LLC

LPL Financial LLC boosted its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 34.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,163,984 shares of the exchange traded fund’s stock after buying an additional 549,862 shares during the quarter. LPL Financial LLC owned approximately 0.45% of Sprott Physical Silver Trust worth $20,882,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $58,000. US Bancorp DE boosted its stake in Sprott Physical Silver Trust by 21.6% during the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,250 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth $80,000. Guild Investment Management Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth $101,000. Finally, James Hambro & Partners LLP acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $106,000.

Sprott Physical Silver Trust Price Performance

NYSEARCA:PSLV opened at $11.58 on Monday. Sprott Physical Silver Trust has a twelve month low of $8.27 and a twelve month high of $11.77. The company’s 50-day moving average price is $10.93 and its 200-day moving average price is $10.62.

Sprott Physical Silver Trust Company 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.