Schulhoff & Co. Inc. Invests $147,000 in Sprott Physical Silver Trust $PSLV

Schulhoff & Co. Inc. acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,000 shares of the exchange traded fund’s stock, valued at approximately $147,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth approximately $41,000. First Horizon Advisors Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 1st quarter valued at approximately $42,000. Ameriflex Group Inc. lifted its position in shares of Sprott Physical Silver Trust by 161.5% during the 2nd quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 2,100 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of Sprott Physical Silver Trust during the 2nd quarter valued at approximately $56,000. Finally, Blue Trust Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 2nd quarter valued at approximately $74,000.

Sprott Physical Silver Trust Trading Down 8.7%

Shares of NYSEARCA:PSLV opened at $15.97 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $9.60 and a 1 year high of $18.15. The business’s 50 day moving average price is $14.73 and its 200-day moving average price is $12.82.

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.