Cibc World Market Inc. Increases Stake in Sprott Physical Silver Trust $PSLV

Cibc World Market Inc. grew its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 935,256 shares of the exchange traded fund’s stock after buying an additional 85,908 shares during the quarter. Cibc World Market Inc. owned 0.15% of Sprott Physical Silver Trust worth $22,119,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in PSLV. Enclave Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth about $4,795,000. Hohimer Wealth Management LLC grew its position in shares of Sprott Physical Silver Trust by 1,219.2% during the third quarter. Hohimer Wealth Management LLC now owns 230,449 shares of the exchange traded fund’s stock worth $3,618,000 after acquiring an additional 212,980 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Sprott Physical Silver Trust by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock worth $2,292,000 after acquiring an additional 30,062 shares during the last quarter. Beaumont Financial Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 24.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock worth $3,190,000 after acquiring an additional 26,125 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in shares of Sprott Physical Silver Trust by 153.5% during the third quarter. SeaCrest Wealth Management LLC now owns 276,931 shares of the exchange traded fund’s stock worth $4,556,000 after acquiring an additional 167,697 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock opened at $21.53 on Friday. The company has a 50-day simple moving average of $24.52 and a 200-day simple moving average of $24.82. Sprott Physical Silver Trust has a one year low of $11.91 and a one year high of $38.13.

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. 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.