DAVENPORT & Co LLC Has $2.89 Million Position in Sprott Physical Silver Trust $PSLV

DAVENPORT & Co LLC lessened its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 30.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,147 shares of the exchange traded fund’s stock after selling 54,502 shares during the period. DAVENPORT & Co LLC’s holdings in Sprott Physical Silver Trust were worth $2,889,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. NewEdge Advisors LLC raised its holdings in Sprott Physical Silver Trust by 23.2% during the 1st quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after buying an additional 12,810 shares during the period. Rockefeller Capital Management L.P. acquired a new position in shares of Sprott Physical Silver Trust in the second quarter valued at approximately $214,000. MAI Capital Management boosted its holdings in shares of Sprott Physical Silver Trust by 49.7% in the second quarter. MAI Capital Management now owns 7,982 shares of the exchange traded fund’s stock valued at $98,000 after buying an additional 2,650 shares during the period. CreativeOne Wealth LLC increased its position in shares of Sprott Physical Silver Trust by 157.2% during the second quarter. CreativeOne Wealth LLC now owns 66,928 shares of the exchange traded fund’s stock worth $819,000 after acquiring an additional 40,908 shares in the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 1,124.0% during the second quarter. Laurel Wealth Advisors LLC now owns 15,912 shares of the exchange traded fund’s stock worth $195,000 after acquiring an additional 14,612 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $22.63 on Friday. Sprott Physical Silver Trust has a 12-month low of $9.97 and a 12-month high of $38.13. The firm has a fifty day moving average of $27.41 and a 200-day moving average of $21.83.

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.