Evergreen Capital Management LLC lessened its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 21.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 576,898 shares of the exchange traded fund’s stock after selling 159,721 shares during the quarter. Evergreen Capital Management LLC owned approximately 0.09% of Sprott Physical Silver Trust worth $13,644,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSLV. Enclave Advisors LLC purchased a new stake in Sprott Physical Silver Trust in the 4th quarter valued at $4,795,000. World Investment Advisors grew its holdings in Sprott Physical Silver Trust by 38.6% in the 3rd quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock valued at $12,112,000 after buying an additional 214,997 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Sprott Physical Silver Trust by 8.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock worth $8,062,000 after purchasing an additional 38,084 shares during the period. D.A. Davidson & CO. purchased a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth $795,000. Finally, Beaumont Financial Advisors LLC grew its holdings in shares of Sprott Physical Silver Trust by 24.0% during the 4th quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock worth $3,190,000 after purchasing an additional 26,125 shares during the period.
Sprott Physical Silver Trust Trading Down 2.7%
NYSEARCA PSLV opened at $25.69 on Tuesday. Sprott Physical Silver Trust has a twelve month low of $10.72 and a twelve month high of $38.13. The stock has a fifty day simple moving average of $25.66 and a 200-day simple moving average of $23.03.
About Sprott Physical Silver Trust
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.
Further Reading
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