HighTower Advisors LLC Increases Stake in Sprott Physical Silver Trust $PSLV

HighTower Advisors LLC grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 726,964 shares of the exchange traded fund’s stock after acquiring an additional 52,131 shares during the quarter. HighTower Advisors LLC owned about 0.12% of Sprott Physical Silver Trust worth $17,193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PSLV. TKG Advisors LLC grew its holdings in shares of Sprott Physical Silver Trust by 3.0% in the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 356 shares during the last quarter. Latitude Advisors LLC grew its holdings in shares of Sprott Physical Silver Trust by 1.5% in the fourth quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares during the last quarter. Crane Advisory LLC grew its holdings in shares of Sprott Physical Silver Trust by 5.2% in the fourth quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 538 shares during the last quarter. US Bancorp DE grew its holdings in shares of Sprott Physical Silver Trust by 3.3% in the third quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after purchasing an additional 596 shares during the last quarter. Finally, Mountain Capital Investment Advisors Inc. grew its holdings in shares of Sprott Physical Silver Trust by 3.4% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 622 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $24.24 on Friday. The company’s 50-day moving average price is $24.65 and its 200-day moving average price is $24.32. Sprott Physical Silver Trust has a 12 month low of $11.03 and a 12 month 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.