Rossby Financial LCC Purchases Shares of 185,912 Sprott Physical Silver Trust (NYSEARCA:PSLV)

Rossby Financial LCC acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 185,912 shares of the exchange traded fund’s stock, valued at approximately $1,794,000. Sprott Physical Silver Trust makes up about 1.1% of Rossby Financial LCC’s portfolio, making the stock its 16th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. XTX Topco Ltd bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth $293,000. Stratos Wealth Partners LTD. boosted its position in Sprott Physical Silver Trust by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock valued at $1,112,000 after purchasing an additional 8,500 shares during the last quarter. Independent Advisor Alliance bought a new position in Sprott Physical Silver Trust in the fourth quarter valued at approximately $144,000. HighTower Advisors LLC grew its stake in Sprott Physical Silver Trust by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 406,149 shares of the exchange traded fund’s stock valued at $3,919,000 after purchasing an additional 6,825 shares in the last quarter. Finally, Allworth Financial LP increased its position in shares of Sprott Physical Silver Trust by 3,565.3% during the 4th quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock worth $816,000 after purchasing an additional 76,655 shares during the last quarter.

Sprott Physical Silver Trust Stock Up 2.3 %

NYSEARCA PSLV opened at $10.76 on Monday. The firm’s fifty day moving average price is $11.00 and its two-hundred day moving average price is $10.64. Sprott Physical Silver Trust has a 1 year low of $8.81 and a 1 year high of $11.77.

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.