Janney Montgomery Scott LLC Acquires 74,022 Shares of Sprott Physical Silver Trust $PSLV

Janney Montgomery Scott LLC grew its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 192.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,397 shares of the exchange traded fund’s stock after acquiring an additional 74,022 shares during the period. Janney Montgomery Scott LLC’s holdings in Sprott Physical Silver Trust were worth $2,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in PSLV. Federation des caisses Desjardins du Quebec raised its stake in Sprott Physical Silver Trust by 4.2% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 17,091,404 shares of the exchange traded fund’s stock valued at $403,725,000 after purchasing an additional 681,981 shares during the period. Jane Street Group LLC lifted its holdings in Sprott Physical Silver Trust by 163.6% in the 2nd 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 in the last quarter. Alps Advisors Inc. boosted its stake in Sprott Physical Silver Trust by 76.5% in the 4th quarter. Alps Advisors Inc. now owns 5,387,630 shares of the exchange traded fund’s stock worth $127,417,000 after purchasing an additional 2,334,928 shares during the period. Morgan Stanley boosted its stake in Sprott Physical Silver Trust by 8.0% in the 4th quarter. Morgan Stanley now owns 4,760,761 shares of the exchange traded fund’s stock worth $112,592,000 after purchasing an additional 353,293 shares during the period. Finally, Royal Bank of Canada grew its holdings in Sprott Physical Silver Trust by 4.6% during the 4th quarter. Royal Bank of Canada now owns 3,674,368 shares of the exchange traded fund’s stock valued at $86,897,000 after buying an additional 162,085 shares in the last quarter.

Sprott Physical Silver Trust Trading Down 2.9%

Sprott Physical Silver Trust stock opened at $19.28 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $12.31 and a 1 year high of $38.13. The firm’s 50 day moving average price is $22.67 and its 200-day moving average price is $25.05.

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.