JPMorgan Chase & Co. Has $2.29 Million Position in Sprott Physical Silver Trust $PSLV

JPMorgan Chase & Co. lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 25.9% during the third quarter, HoldingsChannel reports. The firm owned 145,990 shares of the exchange traded fund’s stock after acquiring an additional 30,062 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sprott Physical Silver Trust were worth $2,292,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PSLV. Jane Street Group LLC raised its position in shares of Sprott Physical Silver Trust by 163.6% during the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock worth $70,650,000 after purchasing an additional 3,582,153 shares during the period. Jupiter Asset Management Ltd. raised its position in shares of Sprott Physical Silver Trust by 29.0% during the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock worth $153,560,000 after purchasing an additional 2,203,767 shares during the period. 3EDGE Asset Management LP acquired a new stake in shares of Sprott Physical Silver Trust during the third quarter worth about $34,374,000. Alps Advisors Inc. raised its position in shares of Sprott Physical Silver Trust by 118.7% during the third quarter. Alps Advisors Inc. now owns 3,052,702 shares of the exchange traded fund’s stock worth $47,927,000 after purchasing an additional 1,657,153 shares during the period. Finally, TT Capital Management LLC raised its position in shares of Sprott Physical Silver Trust by 4,785.4% during the second quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock worth $8,415,000 after purchasing an additional 673,403 shares during the period.

Sprott Physical Silver Trust Stock Down 0.0%

NYSEARCA PSLV opened at $23.56 on Tuesday. The stock’s 50-day moving average is $26.45 and its 200-day moving average is $22.34. Sprott Physical Silver Trust has a one year low of $9.97 and a one year high of $38.13.

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.