Belpointe Asset Management LLC Decreases Stock Position in Sprott Physical Silver Trust $PSLV

Belpointe Asset Management LLC lowered its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 20.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,774 shares of the exchange traded fund’s stock after selling 81,803 shares during the quarter. Belpointe Asset Management LLC owned about 0.05% of Sprott Physical Silver Trust worth $7,610,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. ORG Wealth Partners LLC purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth $25,000. Highline Wealth Partners LLC purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter worth $25,000. Private Trust Co. NA lifted its stake in Sprott Physical Silver Trust by 218.4% in the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 1,166 shares in the last quarter. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter valued at about $29,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter valued at about $39,000.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $26.39 on Monday. The firm’s 50-day moving average price is $25.70 and its 200-day moving average price is $22.96. Sprott Physical Silver Trust has a 12-month low of $10.72 and a 12-month high of $38.13.

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.