Pekin Hardy Strauss Inc. Raises Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Pekin Hardy Strauss Inc. grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 9.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 756,880 shares of the exchange traded fund’s stock after purchasing an additional 65,670 shares during the quarter. Sprott Physical Silver Trust makes up 0.9% of Pekin Hardy Strauss Inc.’s portfolio, making the stock its 23rd biggest position. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Silver Trust were worth $7,304,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PSLV. Jane Street Group LLC purchased a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth $19,598,000. IMC Chicago LLC bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth $11,622,000. Flow Traders U.S. LLC raised its position in shares of Sprott Physical Silver Trust by 3,417.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 911,223 shares of the exchange traded fund’s stock worth $9,522,000 after acquiring an additional 885,314 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Sprott Physical Silver Trust by 483.5% in the 3rd quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock worth $53,330,000 after acquiring an additional 461,785 shares in the last quarter. Finally, Abacus Planning Group Inc. bought a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth $4,203,000.

Sprott Physical Silver Trust Price Performance

PSLV opened at $11.05 on Friday. Sprott Physical Silver Trust has a 12 month low of $7.45 and a 12 month high of $11.77. The stock has a fifty day moving average price of $10.32 and a 200-day moving average price of $10.36.

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.