Cutter & CO Brokerage Inc. Increases Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Cutter & CO Brokerage Inc. lifted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 382.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,075 shares of the exchange traded fund’s stock after buying an additional 123,725 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Sprott Physical Silver Trust were worth $1,506,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealthcare Capital Management LLC raised its holdings in shares of Sprott Physical Silver Trust by 3.7% in the 4th quarter. Wealthcare Capital Management LLC now owns 4,108,300 shares of the exchange traded fund’s stock worth $39,645,000 after purchasing an additional 148,402 shares during the period. Capital Wealth Alliance LLC raised its holdings in shares of Sprott Physical Silver Trust by 6.5% in the 4th quarter. Capital Wealth Alliance LLC now owns 2,432,372 shares of the exchange traded fund’s stock worth $23,473,000 after purchasing an additional 149,161 shares during the period. Sprott Inc. raised its holdings in shares of Sprott Physical Silver Trust by 35.5% in the 4th quarter. Sprott Inc. now owns 1,892,049 shares of the exchange traded fund’s stock worth $18,258,000 after purchasing an additional 495,791 shares during the period. Jane Street Group LLC bought a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $19,598,000. Finally, IMC Chicago LLC raised its holdings in shares of Sprott Physical Silver Trust by 51.2% in the 4th quarter. IMC Chicago LLC now owns 1,681,529 shares of the exchange traded fund’s stock worth $16,227,000 after purchasing an additional 569,382 shares during the period.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $10.73 on Wednesday. The company’s fifty day simple moving average is $10.35 and its two-hundred day simple moving average is $10.39. Sprott Physical Silver Trust has a 1 year low of $7.45 and a 1 year high of $11.77.

Sprott Physical Silver Trust 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.