Farringdon Capital Ltd. Buys New Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Farringdon Capital Ltd. purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 4th quarter, Holdings Channel.com reports. The firm purchased 205,995 shares of the exchange traded fund’s stock, valued at approximately $1,988,000. Sprott Physical Silver Trust accounts for approximately 0.8% of Farringdon Capital Ltd.’s holdings, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PSLV. Millstone Evans Group LLC bought a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $58,000. US Bancorp DE increased its holdings in shares of Sprott Physical Silver Trust by 21.6% during the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after buying an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $80,000. Guild Investment Management Inc. acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $101,000. Finally, James Hambro & Partners LLP bought a new position in Sprott Physical Silver Trust in the 4th quarter valued at $106,000.

Sprott Physical Silver Trust Price Performance

Sprott Physical Silver Trust stock opened at $11.02 on Thursday. Sprott Physical Silver Trust has a 52 week low of $8.81 and a 52 week high of $11.77. The business’s fifty day moving average is $11.01 and its two-hundred day moving average is $10.64.

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.