International Assets Investment Management LLC decreased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 97.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,315 shares of the exchange traded fund’s stock after selling 477,856 shares during the quarter. International Assets Investment Management LLC’s holdings in Sprott Physical Silver Trust were worth $258,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Laurel Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $29,000. Convergence Financial LLC acquired a new position in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $673,000. Leslie Global Wealth LLC acquired a new stake in shares of Sprott Physical Silver Trust during the third quarter worth $234,000. Apollon Wealth Management LLC grew its stake in shares of Sprott Physical Silver Trust by 58.3% in the third quarter. Apollon Wealth Management LLC now owns 34,265 shares of the exchange traded fund’s stock valued at $664,000 after acquiring an additional 12,624 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust in the third quarter valued at about $233,000.
Sprott Physical Silver Trust Price Performance
Sprott Physical Silver Trust stock traded down $0.03 during midday trading on Friday, hitting $16.84. The company’s stock had a trading volume of 3,431,927 shares, compared to its average volume of 11,991,933. Sprott Physical Silver Trust has a 1-year low of $15.78 and a 1-year high of $38.13. The company has a 50-day moving average price of $19.51 and a two-hundred day moving average price of $22.69.
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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