Sprott Physical Silver Trust (NYSEARCA:PSLV) Sets New 52-Week High – Should You Buy?
by Kim Johansen · The Markets DailySprott Physical Silver Trust (NYSEARCA:PSLV – Get Free Report)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $36.04 and last traded at $36.2640, with a volume of 6043353 shares trading hands. The stock had previously closed at $33.22.
Sprott Physical Silver Trust Price Performance
The stock has a fifty day moving average price of $23.76 and a two-hundred day moving average price of $17.84.
Institutional Investors Weigh In On Sprott Physical Silver Trust
Hedge funds and other institutional investors have recently modified their holdings of the company. Mountain Capital Investment Advisors Inc. lifted its stake in shares of Sprott Physical Silver Trust by 3.4% during the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock valued at $447,000 after buying an additional 622 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Sprott Physical Silver Trust by 44.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 19,966 shares of the exchange traded fund’s stock valued at $472,000 after acquiring an additional 6,109 shares during the last quarter. WIT Partners Advisory Pte. Ltd. raised its holdings in Sprott Physical Silver Trust by 61.8% in the 4th 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. Salomon & Ludwin LLC lifted its stake in shares of Sprott Physical Silver Trust by 40.1% during the 4th quarter. Salomon & Ludwin LLC now owns 15,863 shares of the exchange traded fund’s stock worth $402,000 after purchasing an additional 4,541 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Sprott Physical Silver Trust by 57.1% during the fourth quarter. TD Waterhouse Canada Inc. now owns 311,286 shares of the exchange traded fund’s stock worth $7,351,000 after purchasing an additional 113,087 shares during the last quarter.
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.