Waddell & Associates LLC Purchases 80,160 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Waddell & Associates LLC lifted its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 46.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,591 shares of the exchange traded fund’s stock after purchasing an additional 80,160 shares during the quarter. Sprott Physical Silver Trust comprises 0.3% of Waddell & Associates LLC’s investment portfolio, making the stock its 29th biggest holding. Waddell & Associates LLC’s holdings in Sprott Physical Silver Trust were worth $2,660,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. boosted its position in shares of Sprott Physical Silver Trust by 7.4% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 5,295,014 shares of the exchange traded fund’s stock worth $52,579,000 after purchasing an additional 362,573 shares in the last quarter. Jane Street Group LLC raised its stake in Sprott Physical Silver Trust by 5.8% during the first quarter. Jane Street Group LLC now owns 2,710,012 shares of the exchange traded fund’s stock valued at $22,466,000 after buying an additional 148,378 shares during the last quarter. Raymond James & Associates boosted its holdings in Sprott Physical Silver Trust by 12.7% in the third quarter. Raymond James & Associates now owns 2,330,012 shares of the exchange traded fund’s stock worth $24,349,000 after acquiring an additional 263,194 shares in the last quarter. Capital Wealth Alliance LLC grew its stake in shares of Sprott Physical Silver Trust by 4.4% in the third quarter. Capital Wealth Alliance LLC now owns 2,283,211 shares of the exchange traded fund’s stock worth $23,865,000 after acquiring an additional 95,988 shares during the last quarter. Finally, Flow Traders U.S. LLC increased its holdings in shares of Sprott Physical Silver Trust by 79.9% during the first quarter. Flow Traders U.S. LLC now owns 1,562,102 shares of the exchange traded fund’s stock valued at $12,950,000 after acquiring an additional 693,988 shares in the last quarter.

Sprott Physical Silver Trust Stock Up 1.4 %

PSLV opened at $10.50 on Friday. The stock has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.23. Sprott Physical Silver Trust has a 1 year low of $7.40 and a 1 year high of $11.77.

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.