Farther Finance Advisors LLC Has $807,000 Stock Holdings in Sprott Physical Silver Trust $PSLV

Farther Finance Advisors LLC increased its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 26.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,958 shares of the exchange traded fund’s stock after purchasing an additional 13,944 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $807,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. acquired a new stake in Sprott Physical Silver Trust in the second quarter worth about $306,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Sprott Physical Silver Trust by 1.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 749,758 shares of the exchange traded fund’s stock worth $9,402,000 after buying an additional 8,481 shares during the last quarter. Sandy Cove Advisors LLC bought a new position in Sprott Physical Silver Trust during the second quarter worth about $198,000. Apella Capital LLC boosted its holdings in Sprott Physical Silver Trust by 3.1% during the second quarter. Apella Capital LLC now owns 346,258 shares of the exchange traded fund’s stock worth $4,342,000 after buying an additional 10,278 shares during the last quarter. Finally, Gradient Investments LLC boosted its holdings in Sprott Physical Silver Trust by 0.5% during the second quarter. Gradient Investments LLC now owns 299,837 shares of the exchange traded fund’s stock worth $3,670,000 after buying an additional 1,574 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV opened at $15.12 on Friday. Sprott Physical Silver Trust has a 1 year low of $9.60 and a 1 year high of $15.14. The stock’s 50-day moving average price is $13.42 and its two-hundred day moving average price is $12.17.

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.