4,335 Shares in Sprott Physical Silver Trust (NYSEARCA:PSLV) Purchased by Eastern Bank

Eastern Bank acquired a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 4,335 shares of the exchange traded fund’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in Sprott Physical Silver Trust by 14.7% during the second quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock worth $638,000 after buying an additional 8,218 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Sprott Physical Silver Trust by 8.2% during the 2nd quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock valued at $20,524,000 after purchasing an additional 156,501 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Sprott Physical Silver Trust during the 2nd quarter valued at about $591,000. StoneX Group Inc. lifted its holdings in shares of Sprott Physical Silver Trust by 685.4% during the 1st quarter. StoneX Group Inc. now owns 203,034 shares of the exchange traded fund’s stock valued at $1,683,000 after purchasing an additional 177,184 shares in the last quarter. Finally, Avantax Advisory Services Inc. bought a new position in shares of Sprott Physical Silver Trust during the 1st quarter valued at about $89,000.

Sprott Physical Silver Trust Trading Down 0.3 %

NYSEARCA:PSLV opened at $11.35 on Friday. Sprott Physical Silver Trust has a fifty-two week low of $7.40 and a fifty-two week high of $11.77. The business’s 50-day simple moving average is $10.40 and its 200-day simple moving average is $10.04.

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.