Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Gap Down to $10.74

Sprott Physical Silver Trust (NYSEARCA:PSLV) shares gapped down prior to trading on Friday . The stock had previously closed at $10.74, but opened at $10.51. Sprott Physical Silver Trust shares last traded at $10.50, with a volume of 401,468 shares changing hands.

Sprott Physical Silver Trust Price Performance

The stock’s 50-day moving average is $10.07 and its 200-day moving average is $8.86.

Hedge Funds Weigh In On Sprott Physical Silver Trust

Several large investors have recently made changes to their positions in PSLV. Fidelis Capital Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the 1st quarter valued at about $8,923,000. Flow Traders U.S. LLC lifted its stake in 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 buying an additional 693,988 shares in the last quarter. Cetera Investment Advisers lifted its stake in Sprott Physical Silver Trust by 315.7% during the first quarter. Cetera Investment Advisers now owns 750,530 shares of the exchange traded fund’s stock valued at $6,222,000 after buying an additional 570,002 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in Sprott Physical Silver Trust during the first quarter valued at about $3,700,000. Finally, Simplicity Wealth LLC purchased a new stake in Sprott Physical Silver Trust during the first quarter valued at about $2,470,000.

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.