Kovack Advisors Inc. Raises Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Kovack Advisors Inc. lifted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,938 shares of the exchange traded fund’s stock after buying an additional 25,600 shares during the quarter. Kovack Advisors Inc. owned approximately 0.05% of Sprott Physical Silver Trust worth $2,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Horizon Advisors Inc. bought a new position in Sprott Physical Silver Trust in the third quarter worth approximately $32,000. FNY Investment Advisers LLC bought a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $80,000. Hara Capital LLC bought a new position in Sprott Physical Silver Trust in the third quarter worth approximately $86,000. James Hambro & Partners LLP bought a new stake in Sprott Physical Silver Trust during the 4th quarter valued at $106,000. Finally, Salomon & Ludwin LLC boosted its position in Sprott Physical Silver Trust by 125.1% during the 4th quarter. Salomon & Ludwin LLC now owns 11,322 shares of the exchange traded fund’s stock valued at $109,000 after acquiring an additional 6,292 shares in the last quarter.

Sprott Physical Silver Trust Stock Up 0.6 %

Shares of NYSEARCA PSLV opened at $10.79 on Thursday. The stock’s fifty day simple moving average is $10.37 and its two-hundred day simple moving average is $10.40. Sprott Physical Silver Trust has a 12-month low of $7.45 and a 12-month 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.