Cambridge Investment Research Advisors Inc. Buys 69,345 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Cambridge Investment Research Advisors Inc. lifted its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 15.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 523,675 shares of the exchange traded fund’s stock after buying an additional 69,345 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $6,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Center for Financial Planning Inc. bought a new position in Sprott Physical Silver Trust during the 1st quarter valued at about $39,000. Millstone Evans Group LLC bought a new stake in Sprott Physical Silver Trust during the fourth quarter worth 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. Miracle Mile Advisors LLC bought a new position in shares of Sprott Physical Silver Trust in the first quarter valued at approximately $116,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $100,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $12.45 on Friday. The stock’s 50 day simple moving average is $11.45 and its 200 day simple moving average is $10.91. Sprott Physical Silver Trust has a one year low of $9.12 and a one year high of $12.58.

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.