Prospera Financial Services Inc lifted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 18.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,525,021 shares of the exchange traded fund’s stock after purchasing an additional 233,495 shares during the period. Sprott Physical Silver Trust makes up 0.6% of Prospera Financial Services Inc’s holdings, making the stock its 29th biggest holding. Prospera Financial Services Inc owned approximately 0.25% of Sprott Physical Silver Trust worth $36,067,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $25,000. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $31,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $39,000. Finally, Private Trust Co. NA grew its holdings in shares of Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 1,166 shares in the last quarter.
Sprott Physical Silver Trust Stock Performance
Shares of PSLV stock opened at $24.24 on Friday. The company has a 50 day moving average price of $24.65 and a 200 day moving average price of $24.32. Sprott Physical Silver Trust has a fifty-two week low of $11.03 and a fifty-two week high of $38.13.
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.
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