Sprott Physical Silver Trust (NYSEARCA:PSLV) Stock Crosses Above 200-Day Moving Average of $8.23

Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.23 and traded as high as $9.71. Sprott Physical Silver Trust shares last traded at $9.65, with a volume of 2,945,697 shares.

Sprott Physical Silver Trust Price Performance

The firm has a fifty day simple moving average of $8.90 and a 200 day simple moving average of $8.23.

Institutional Investors Weigh In On Sprott Physical Silver Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Columbia Advisory Partners LLC grew its position in shares of Sprott Physical Silver Trust by 29.3% in the first quarter. Columbia Advisory Partners LLC now owns 55,444 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 12,553 shares during the period. Sunbelt Securities Inc. increased its stake in Sprott Physical Silver Trust by 66.0% during the 1st quarter. Sunbelt Securities Inc. now owns 16,600 shares of the exchange traded fund’s stock worth $138,000 after buying an additional 6,600 shares in the last quarter. Clarity Financial LLC acquired a new position in shares of Sprott Physical Silver Trust during the first quarter valued at approximately $276,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 valued at $2,552,000 after acquiring an additional 33,870 shares during the last quarter. Finally, Pasadena Private Wealth LLC lifted its position in shares of Sprott Physical Silver Trust by 3.5% in the first quarter. Pasadena Private Wealth LLC now owns 326,213 shares of the exchange traded fund’s stock valued at $2,704,000 after acquiring an additional 11,036 shares in the last quarter.

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.