3EDGE Asset Management LP Purchases New Stake in Sprott Physical Silver Trust $PSLV

3EDGE Asset Management LP purchased a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 2,185,269 shares of the exchange traded fund’s stock, valued at approximately $34,374,000. Sprott Physical Silver Trust makes up 1.9% of 3EDGE Asset Management LP’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC purchased a new stake in shares of Sprott Physical Silver Trust during the third quarter worth about $25,000. Redwood Park Advisors LLC bought a new position in Sprott Physical Silver Trust during the 2nd quarter valued at approximately $32,000. Atlantic Union Bankshares Corp bought a new position in Sprott Physical Silver Trust during the 2nd quarter valued at approximately $32,000. Ameriflex Group Inc. lifted its holdings in Sprott Physical Silver Trust by 161.5% in the 2nd quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 2,100 shares during the period. Finally, CWM LLC grew its position in shares of Sprott Physical Silver Trust by 152.5% in the 3rd quarter. CWM LLC now owns 4,075 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 2,461 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

PSLV opened at $31.30 on Friday. The stock’s 50 day moving average price is $22.72 and its 200-day moving average price is $17.32. Sprott Physical Silver Trust has a 52-week low of $9.96 and a 52-week high of $31.54.

Sprott Physical Silver Trust 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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.