Envestnet Asset Management Inc. Has $15.97 Million Stock Position in Sprott Physical Silver Trust $PSLV

Envestnet Asset Management Inc. trimmed its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 3.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,017,018 shares of the exchange traded fund’s stock after selling 33,881 shares during the period. Envestnet Asset Management Inc. owned 0.18% of Sprott Physical Silver Trust worth $15,967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PSLV. Highline Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust in the third quarter worth $25,000. Redwood Park Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the second quarter worth about $32,000. Atlantic Union Bankshares Corp bought a new position in shares of Sprott Physical Silver Trust during the second quarter valued at $32,000. Quilter Plc acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at about $53,000. Finally, CWM LLC boosted its stake in shares of Sprott Physical Silver Trust by 152.5% in the 3rd quarter. CWM LLC now owns 4,075 shares of the exchange traded fund’s stock valued at $64,000 after purchasing an additional 2,461 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 2.7%

Sprott Physical Silver Trust stock opened at $25.05 on Monday. Sprott Physical Silver Trust has a 12-month low of $9.97 and a 12-month high of $38.13. The firm’s fifty day moving average is $26.24 and its 200 day moving average is $19.18.

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. 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.