Avantax Advisory Services Inc. Raises Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Avantax Advisory Services Inc. increased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 59.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,835 shares of the exchange traded fund’s stock after purchasing an additional 7,774 shares during the period. Avantax Advisory Services Inc.’s holdings in Sprott Physical Silver Trust were worth $201,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $25,348,000. Jane Street Group LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $19,598,000. Flow Traders U.S. LLC raised its stake in Sprott Physical Silver Trust by 3,417.0% in the 3rd quarter. Flow Traders U.S. LLC now owns 911,223 shares of the exchange traded fund’s stock valued at $9,522,000 after purchasing an additional 885,314 shares during the last quarter. IMC Chicago LLC lifted its stake in shares of Sprott Physical Silver Trust by 51.2% during the 4th quarter. IMC Chicago LLC now owns 1,681,529 shares of the exchange traded fund’s stock worth $16,227,000 after purchasing an additional 569,382 shares during the period. Finally, Fidelis Capital Partners LLC lifted its holdings in shares of Sprott Physical Silver Trust by 50.5% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,630,350 shares of the exchange traded fund’s stock worth $17,216,000 after acquiring an additional 547,050 shares during the period.

Sprott Physical Silver Trust Trading Up 2.1 %

Shares of Sprott Physical Silver Trust stock opened at $11.68 on Friday. Sprott Physical Silver Trust has a twelve month low of $8.18 and a twelve month high of $11.77. The business’s fifty day moving average price is $10.91 and its 200 day moving average price is $10.59.

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.