Hurley Capital LLC bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 461,757 shares of the exchange traded fund’s stock, valued at approximately $4,562,000. Sprott Physical Silver Trust accounts for approximately 3.7% of Hurley Capital LLC’s investment portfolio, making the stock its 5th biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in PSLV. Millstone Evans Group LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter worth approximately $58,000. US Bancorp DE boosted its stake in Sprott Physical Silver Trust by 21.6% in the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth $80,000. Guild Investment Management Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at $101,000. Finally, James Hambro & Partners LLP bought a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $106,000.
Sprott Physical Silver Trust Price Performance
Shares of NYSEARCA:PSLV opened at $10.18 on Friday. Sprott Physical Silver Trust has a 12 month low of $8.81 and a 12 month high of $11.77. The company’s 50-day moving average price is $11.02 and its two-hundred day moving average price is $10.65.
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.
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Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report).
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