Cutter & CO Brokerage Inc. Increases Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Cutter & CO Brokerage Inc. increased its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 382.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 156,075 shares of the exchange traded fund’s stock after acquiring an additional 123,725 shares during the period. Cutter & CO Brokerage Inc.’s holdings in Sprott Physical Silver Trust were worth $1,506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. purchased a new stake in Sprott Physical Silver Trust during the third quarter valued at about $32,000. FNY Investment Advisers LLC purchased a new stake in Sprott Physical Silver Trust during the fourth quarter valued at about $80,000. Hara Capital LLC purchased a new stake in Sprott Physical Silver Trust during the third quarter valued at about $86,000. James Hambro & Partners LLP purchased a new stake in Sprott Physical Silver Trust during the fourth quarter valued at about $106,000. Finally, Salomon & Ludwin LLC boosted its position in 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 buying an additional 6,292 shares during the period.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV opened at $10.73 on Wednesday. The company has a 50-day simple moving average of $10.35 and a two-hundred day simple moving average of $10.39. Sprott Physical Silver Trust has a 12-month low of $7.45 and a 12-month high of $11.77.

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.