D.A. Davidson & CO. Acquires New Shares in Sprott Physical Silver Trust $PSLV

D.A. Davidson & CO. acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 50,668 shares of the exchange traded fund’s stock, valued at approximately $795,000.

Other large investors have also recently added to or reduced their stakes in the company. World Investment Advisors raised its stake in shares of Sprott Physical Silver Trust by 38.6% during the third quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock valued at $12,112,000 after purchasing an additional 214,997 shares in the last quarter. Accordant Advisory Group Inc grew its position in Sprott Physical Silver Trust by 3.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock valued at $6,492,000 after buying an additional 18,410 shares in the last quarter. Regency Capital Management Inc. DE grew its position in Sprott Physical Silver Trust by 3.1% in the 2nd quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock valued at $2,557,000 after buying an additional 6,200 shares in the last quarter. Financial Advocates Investment Management increased its stake in Sprott Physical Silver Trust by 20.5% during the 2nd quarter. Financial Advocates Investment Management now owns 102,799 shares of the exchange traded fund’s stock valued at $1,258,000 after buying an additional 17,499 shares during the period. Finally, Sharp Financial Services LLC bought a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter worth about $147,000.

Sprott Physical Silver Trust Stock Up 3.8%

Shares of NYSEARCA:PSLV opened at $26.45 on Monday. The company has a 50 day moving average of $20.29 and a 200-day moving average of $16.27. Sprott Physical Silver Trust has a twelve month low of $9.88 and a twelve month high of $27.01.

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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.