Alps Advisors Inc. Acquires 1,657,153 Shares of Sprott Physical Silver Trust $PSLV

Alps Advisors Inc. raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 118.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,052,702 shares of the exchange traded fund’s stock after acquiring an additional 1,657,153 shares during the period. Alps Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $47,927,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter valued at approximately $25,000. Redwood Park Advisors LLC bought a new position in Sprott Physical Silver Trust in the 2nd quarter valued at approximately $32,000. Atlantic Union Bankshares Corp bought a new position in Sprott Physical Silver Trust in the 2nd quarter valued at approximately $32,000. Quilter Plc acquired a new stake in Sprott Physical Silver Trust in the third quarter valued at approximately $53,000. Finally, CWM LLC grew its stake in shares of Sprott Physical Silver Trust by 152.5% during the third 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 Trading Up 5.5%

Shares of NYSEARCA:PSLV opened at $24.92 on Friday. The company has a fifty day moving average of $25.56 and a 200-day moving average of $18.68. Sprott Physical Silver Trust has a 52-week low of $9.97 and a 52-week high of $38.13.

About Sprott Physical Silver Trust

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.