Fortis Capital Advisors LLC Trims Stock Position in Sprott Physical Silver Trust $PSLV

Fortis Capital Advisors LLC trimmed its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 53.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,588 shares of the exchange traded fund’s stock after selling 34,238 shares during the quarter. Fortis Capital Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $700,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PSLV. Highline Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust in the fourth quarter valued at approximately $25,000. Strategic Advocates LLC purchased a new position in Sprott Physical Silver Trust in the third quarter worth approximately $29,000. Franklin Resources Inc. purchased a new position in Sprott Physical Silver Trust in the third quarter worth approximately $39,000. Finally, Private Trust Co. NA increased its stake in Sprott Physical Silver Trust by 218.4% during the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 1,166 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

PSLV stock opened at $25.69 on Tuesday. Sprott Physical Silver Trust has a 52-week low of $10.72 and a 52-week high of $38.13. The business has a fifty day moving average of $25.66 and a two-hundred day moving average of $23.03.

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.