Alps Advisors Inc. Has $127.42 Million Stock Holdings in Sprott Physical Silver Trust $PSLV

Alps Advisors Inc. grew its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 76.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,387,630 shares of the exchange traded fund’s stock after buying an additional 2,334,928 shares during the quarter. Sprott Physical Silver Trust comprises approximately 0.7% of Alps Advisors Inc.’s portfolio, making the stock its 18th largest holding. Alps Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $127,417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSLV. Jane Street Group LLC increased its stake in shares of Sprott Physical Silver Trust by 163.6% in the second quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after buying an additional 3,582,153 shares in the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Sprott Physical Silver Trust by 29.0% in the third quarter. Jupiter Asset Management Ltd. now owns 9,814,158 shares of the exchange traded fund’s stock valued at $153,560,000 after acquiring an additional 2,203,767 shares during the last quarter. LPL Financial LLC boosted its holdings in Sprott Physical Silver Trust by 16.7% in the fourth quarter. LPL Financial LLC now owns 3,525,195 shares of the exchange traded fund’s stock valued at $83,371,000 after acquiring an additional 504,474 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Sprott Physical Silver Trust by 40.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,145,283 shares of the exchange traded fund’s stock valued at $27,086,000 after acquiring an additional 327,169 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. boosted its holdings in Sprott Physical Silver Trust by 61.8% in the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after acquiring an additional 323,722 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 6.2%

Sprott Physical Silver Trust stock opened at $21.30 on Friday. The business’s 50-day simple moving average is $24.36 and its 200 day simple moving average is $24.99. Sprott Physical Silver Trust has a 12-month low of $11.91 and a 12-month 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.