Geneos Wealth Management Inc. Has $10.87 Million Stake in Sprott Physical Silver Trust $PSLV

Geneos Wealth Management Inc. lowered its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 3.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 888,086 shares of the exchange traded fund’s stock after selling 36,480 shares during the quarter. Geneos Wealth Management Inc. owned about 0.16% of Sprott Physical Silver Trust worth $10,870,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Sprott Physical Silver Trust by 8.4% in the first quarter. HighTower Advisors LLC now owns 440,084 shares of the exchange traded fund’s stock valued at $5,105,000 after buying an additional 33,935 shares during the last quarter. Cresset Asset Management LLC increased its position in Sprott Physical Silver Trust by 3.0% in the 1st quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock valued at $400,000 after acquiring an additional 1,000 shares in the last quarter. Philadelphia Trust Co. raised its stake in shares of Sprott Physical Silver Trust by 3.3% in the first quarter. Philadelphia Trust Co. now owns 127,777 shares of the exchange traded fund’s stock worth $1,482,000 after acquiring an additional 4,100 shares during the last quarter. Compass Financial Group INC SD acquired a new position in shares of Sprott Physical Silver Trust during the first quarter worth approximately $117,000. Finally, Summit Financial LLC lifted its position in shares of Sprott Physical Silver Trust by 19.6% during the first quarter. Summit Financial LLC now owns 121,346 shares of the exchange traded fund’s stock worth $1,408,000 after purchasing an additional 19,896 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $20.40 on Friday. The company has a 50 day moving average price of $17.29 and a 200 day moving average price of $14.56. Sprott Physical Silver Trust has a fifty-two week low of $9.60 and a fifty-two week high of $21.41.

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.