Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down to $9.70

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped down before the market opened on Monday . The stock had previously closed at $9.70, but opened at $9.22. Sprott Physical Silver Trust shares last traded at $9.31, with a volume of 3,284,865 shares trading hands.

Sprott Physical Silver Trust Trading Up 0.4 %

The business’s 50 day moving average is $8.43 and its two-hundred day moving average is $8.07.

Hedge Funds Weigh In On Sprott Physical Silver Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its stake in shares of Sprott Physical Silver Trust by 66.0% in the 1st quarter. Sunbelt Securities Inc. now owns 16,600 shares of the exchange traded fund’s stock worth $138,000 after purchasing an additional 6,600 shares during the last quarter. Clarity Financial LLC acquired a new position in Sprott Physical Silver Trust in the first quarter worth approximately $276,000. Columbia Advisory Partners LLC lifted its position in shares of Sprott Physical Silver Trust by 29.3% during the 1st quarter. Columbia Advisory Partners LLC now owns 55,444 shares of the exchange traded fund’s stock valued at $460,000 after acquiring an additional 12,553 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth $542,000. Finally, Kovack Advisors Inc. acquired a new position in shares of Sprott Physical Silver Trust in the 1st quarter worth $729,000.

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.