Commonwealth Equity Services LLC boosted its position in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 513,523 shares of the exchange traded fund’s stock after buying an additional 38,084 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of Sprott Physical Silver Trust worth $8,062,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PSLV. Carnegie Lake Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 1.2% during the third quarter. Carnegie Lake Advisors LLC now owns 62,750 shares of the exchange traded fund’s stock worth $985,000 after acquiring an additional 750 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in Sprott Physical Silver Trust by 4.9% during the 3rd quarter. Sandy Cove Advisors LLC now owns 17,000 shares of the exchange traded fund’s stock valued at $267,000 after purchasing an additional 800 shares in the last quarter. Destiny Wealth Partners LLC increased its holdings in Sprott Physical Silver Trust by 2.9% during the 2nd quarter. Destiny Wealth Partners LLC now owns 32,085 shares of the exchange traded fund’s stock worth $393,000 after purchasing an additional 904 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Sprott Physical Silver Trust by 0.3% in the 2nd quarter. Bleakley Financial Group LLC now owns 299,258 shares of the exchange traded fund’s stock valued at $3,663,000 after purchasing an additional 910 shares in the last quarter. Finally, Meixler Investment Management Ltd. boosted its stake in shares of Sprott Physical Silver Trust by 3.4% during the 2nd quarter. Meixler Investment Management Ltd. now owns 28,240 shares of the exchange traded fund’s stock valued at $346,000 after buying an additional 925 shares during the last quarter.
Sprott Physical Silver Trust Trading Up 6.4%
NYSEARCA PSLV opened at $28.15 on Tuesday. Sprott Physical Silver Trust has a 12 month low of $9.88 and a 12 month high of $28.43. The company’s fifty day moving average price is $20.54 and its two-hundred day moving average price is $16.38.
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.
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