Transcend Capital Advisors LLC Cuts Holdings in Sprott Physical Silver Trust $PSLV

Transcend Capital Advisors LLC trimmed its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 66.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,693 shares of the exchange traded fund’s stock after selling 39,161 shares during the period. Transcend Capital Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Crane Advisory LLC raised its stake in shares of Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 538 shares in the last quarter. US Bancorp DE raised its stake in shares of Sprott Physical Silver Trust by 3.3% during the 3rd quarter. US Bancorp DE now owns 18,920 shares of the exchange traded fund’s stock worth $297,000 after buying an additional 596 shares in the last quarter. OneAscent Financial Services LLC raised its stake in shares of Sprott Physical Silver Trust by 1.0% during the 3rd quarter. OneAscent Financial Services LLC now owns 69,676 shares of the exchange traded fund’s stock worth $1,094,000 after buying an additional 656 shares in the last quarter. Matauro LLC raised its stake in shares of Sprott Physical Silver Trust by 2.2% during the 4th quarter. Matauro LLC now owns 34,053 shares of the exchange traded fund’s stock worth $805,000 after buying an additional 743 shares in the last quarter. Finally, Carnegie Lake Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 1.2% during the 3rd quarter. Carnegie Lake Advisors LLC now owns 62,750 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 750 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $25.58 on Friday. The stock has a 50 day simple moving average of $25.67 and a 200-day simple moving average of $22.79. Sprott Physical Silver Trust has a 12-month low of $10.72 and a 12-month high of $38.13.

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.