IMC Chicago LLC Takes $11.62 Million Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

IMC Chicago LLC acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,112,147 shares of the exchange traded fund’s stock, valued at approximately $11,622,000. IMC Chicago LLC owned 0.23% of Sprott Physical Silver Trust as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Sprott Physical Silver Trust by 12.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 307,826 shares of the exchange traded fund’s stock worth $2,552,000 after purchasing an additional 33,870 shares during the period. Kovack Advisors Inc. acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at $729,000. Prosperity Consulting Group LLC acquired a new stake in Sprott Physical Silver Trust in the 1st quarter valued at $133,000. Janney Montgomery Scott LLC grew its position in Sprott Physical Silver Trust by 0.5% in the first quarter. Janney Montgomery Scott LLC now owns 571,687 shares of the exchange traded fund’s stock valued at $4,739,000 after acquiring an additional 2,562 shares during the period. Finally, StoneX Group Inc. raised its stake in Sprott Physical Silver Trust by 685.4% during the first quarter. StoneX Group Inc. now owns 203,034 shares of the exchange traded fund’s stock worth $1,683,000 after acquiring an additional 177,184 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA:PSLV opened at $11.44 on Thursday. The company’s fifty day moving average is $10.49 and its 200-day moving average is $10.09. Sprott Physical Silver Trust has a 52 week low of $7.40 and a 52 week high of $11.77.

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.