PNC Financial Services Group Inc. Increases Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

PNC Financial Services Group Inc. boosted its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 8.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,222 shares of the exchange traded fund’s stock after purchasing an additional 2,038 shares during the period. PNC Financial Services Group Inc.’s holdings in Sprott Physical Silver Trust were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new stake in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $32,000. US Bancorp DE boosted its position in shares of Sprott Physical Silver Trust by 21.6% during the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock valued at $68,000 after purchasing an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $80,000. James Hambro & Partners LLP bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $106,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Sprott Physical Silver Trust by 125.1% during the fourth quarter. Salomon & Ludwin LLC now owns 11,322 shares of the exchange traded fund’s stock valued at $109,000 after purchasing an additional 6,292 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $11.29 on Friday. Sprott Physical Silver Trust has a twelve month low of $8.12 and a twelve month high of $11.77. The stock’s 50 day moving average is $10.80 and its 200 day moving average is $10.55.

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.