MML Investors Services LLC Raises Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

MML Investors Services LLC increased its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 124.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 130,529 shares of the exchange traded fund’s stock after purchasing an additional 72,285 shares during the period. MML Investors Services LLC’s holdings in Sprott Physical Silver Trust were worth $1,364,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in Sprott Physical Silver Trust in the 3rd quarter worth about $293,000. Creative Planning increased its stake in Sprott Physical Silver Trust by 14.7% in the 2nd quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock worth $638,000 after acquiring an additional 8,218 shares during the last quarter. Raymond James & Associates increased its position 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 during 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. Finally, Walleye Capital LLC bought a new position in shares of Sprott Physical Silver Trust during the 3rd quarter valued at about $1,086,000.

Sprott Physical Silver Trust Trading Down 3.4 %

Shares of Sprott Physical Silver Trust stock opened at $9.86 on Thursday. The business’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.27. Sprott Physical Silver Trust has a 12 month low of $7.40 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.