IMC Chicago LLC reduced its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating) by 93.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,677 shares of the exchange traded fund’s stock after selling 477,652 shares during the period. IMC Chicago LLC’s holdings in Sprott Physical Silver Trust were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. City State Bank acquired a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $27,000. Concord Wealth Partners raised its holdings in Sprott Physical Silver Trust by 155.3% in the 4th quarter. Concord Wealth Partners now owns 4,110 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 2,500 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Sprott Physical Silver Trust in the 4th quarter valued at approximately $47,000. Sugarloaf Wealth Management LLC raised its holdings in Sprott Physical Silver Trust by 30.0% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 6,500 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 1,500 shares during the last quarter. Finally, Key Financial Inc raised its holdings in Sprott Physical Silver Trust by 277.2% in the 4th quarter. Key Financial Inc now owns 7,088 shares of the exchange traded fund’s stock valued at $57,000 after buying an additional 5,209 shares during the last quarter.
Sprott Physical Silver Trust stock opened at $6.77 on Friday. Sprott Physical Silver Trust has a 52-week low of $6.65 and a 52-week high of $9.44. The firm has a 50 day moving average price of $7.50 and a two-hundred day moving average price of $8.07.
Sprott Physical Silver Trust Profile (Get Rating)
Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.
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Read More: IMC Chicago LLC Has $295,000 Position in Sprott Physical Silver Trust