Pasadena Private Wealth LLC cut its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 26.1% during the fourth quarter, HoldingsChannel reports. The firm owned 402,928 shares of the exchange traded fund’s stock after selling 142,039 shares during the period. Sprott Physical Silver Trust comprises about 1.3% of Pasadena Private Wealth LLC’s investment portfolio, making the stock its 16th biggest holding. Pasadena Private Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $9,529,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of PSLV. NewEdge Advisors LLC increased its stake in Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after purchasing an additional 12,810 shares during the period. Cerity Partners LLC grew its stake in shares of Sprott Physical Silver Trust by 5.2% in the 2nd quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after purchasing an additional 5,081 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of Sprott Physical Silver Trust by 24.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after purchasing an additional 14,484 shares during the last quarter. Jane Street Group LLC grew its stake in shares of Sprott Physical Silver Trust by 163.6% in the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after purchasing an additional 3,582,153 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Sprott Physical Silver Trust by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock valued at $5,693,000 after purchasing an additional 20,856 shares during the last quarter.
Sprott Physical Silver Trust Trading Up 1.0%
Shares of PSLV stock opened at $24.12 on Friday. The business’s 50 day moving average is $24.48 and its two-hundred day moving average is $24.61. Sprott Physical Silver Trust has a twelve month low of $11.03 and a twelve 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.
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Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report).
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