Client First Investment Management LLC Purchases Shares of 125,950 Sprott Physical Silver Trust (NYSEARCA:PSLV)

Client First Investment Management LLC purchased a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 125,950 shares of the exchange traded fund’s stock, valued at approximately $1,461,000. Sprott Physical Silver Trust accounts for about 1.0% of Client First Investment Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Independent Advisor Alliance purchased a new stake in shares of Sprott Physical Silver Trust during the 4th quarter valued at $144,000. Stratos Wealth Partners LTD. raised its position in shares of Sprott Physical Silver Trust by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock valued at $1,112,000 after buying an additional 8,500 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in shares of Sprott Physical Silver Trust by 21.0% during the 4th quarter. Ausdal Financial Partners Inc. now owns 47,820 shares of the exchange traded fund’s stock valued at $461,000 after buying an additional 8,285 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Sprott Physical Silver Trust by 1.7% during the 4th quarter. HighTower Advisors LLC now owns 406,149 shares of the exchange traded fund’s stock valued at $3,919,000 after buying an additional 6,825 shares in the last quarter. Finally, Allworth Financial LP raised its position in shares of Sprott Physical Silver Trust by 3,565.3% during the 4th quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock valued at $816,000 after buying an additional 76,655 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock opened at $12.03 on Friday. The firm’s fifty day moving average price is $10.99 and its 200-day moving average price is $10.73. Sprott Physical Silver Trust has a fifty-two week low of $9.12 and a fifty-two week high of $12.11.

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.