Ade LLC Increases Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Ade LLC increased its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 8.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,357 shares of the exchange traded fund’s stock after acquiring an additional 2,545 shares during the quarter. Ade LLC’s holdings in Sprott Physical Silver Trust were worth $349,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pettinga Financial Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 24.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 196,355 shares of the exchange traded fund’s stock worth $2,052,000 after purchasing an additional 38,490 shares during the last quarter. Mainstay Capital Management LLC ADV bought a new position in Sprott Physical Silver Trust in the third quarter worth about $163,000. International Assets Investment Management LLC boosted its holdings in shares of Sprott Physical Silver Trust by 483.5% in the 3rd quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock valued at $53,330,000 after buying an additional 461,785 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Sprott Physical Silver Trust by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 301,194 shares of the exchange traded fund’s stock worth $3,147,000 after buying an additional 2,707 shares during the last quarter. Finally, Accordant Advisory Group Inc grew its position in shares of Sprott Physical Silver Trust by 4.7% in the 3rd quarter. Accordant Advisory Group Inc now owns 448,622 shares of the exchange traded fund’s stock worth $4,688,000 after buying an additional 20,159 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 1.4 %

NYSEARCA:PSLV traded down $0.16 during midday trading on Wednesday, reaching $11.51. 5,149,046 shares of the stock traded hands, compared to its average volume of 4,579,557. Sprott Physical Silver Trust has a 12-month low of $7.40 and a 12-month high of $11.77. The business has a 50-day moving average of $10.46 and a two-hundred day moving average of $10.08.

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.