AE Wealth Management LLC Raises Holdings in Sprott Physical Silver Trust $PSLV

AE Wealth Management LLC boosted its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 95.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,568 shares of the exchange traded fund’s stock after acquiring an additional 35,867 shares during the quarter. AE Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of PSLV. Highline Wealth Partners LLC purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth approximately $25,000. Strategic Advocates LLC purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $29,000. Franklin Resources Inc. purchased a new stake in Sprott Physical Silver Trust in the 3rd quarter worth approximately $39,000. Finally, Private Trust Co. NA lifted its holdings 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 buying an additional 1,166 shares during the period.

Sprott Physical Silver Trust Trading Down 5.3%

NYSEARCA PSLV opened at $24.32 on Wednesday. Sprott Physical Silver Trust has a fifty-two week low of $10.72 and a fifty-two week high of $38.13. The stock has a 50 day simple moving average of $25.62 and a two-hundred day simple moving average of $23.09.

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.