Wakefield Asset Management LLLP Purchases New Shares in Sprott Physical Silver Trust $PSLV

Wakefield Asset Management LLLP purchased a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 81,780 shares of the exchange traded fund’s stock, valued at approximately $1,001,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFG Advisors boosted its position in shares of Sprott Physical Silver Trust by 7.9% in the 1st quarter. PFG Advisors now owns 49,402 shares of the exchange traded fund’s stock valued at $573,000 after purchasing an additional 3,601 shares during the period. Pasadena Private Wealth LLC boosted its position in shares of Sprott Physical Silver Trust by 2.9% in the 1st quarter. Pasadena Private Wealth LLC now owns 515,913 shares of the exchange traded fund’s stock valued at $5,985,000 after purchasing an additional 14,466 shares during the period. Moors & Cabot Inc. boosted its position in shares of Sprott Physical Silver Trust by 0.9% in the 1st quarter. Moors & Cabot Inc. now owns 177,701 shares of the exchange traded fund’s stock valued at $2,061,000 after purchasing an additional 1,512 shares during the period. Cresset Asset Management LLC boosted its position in Sprott Physical Silver Trust by 3.0% during the 1st quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock worth $400,000 after acquiring an additional 1,000 shares during the period. Finally, LPL Financial LLC boosted its position in Sprott Physical Silver Trust by 15.3% during the 1st quarter. LPL Financial LLC now owns 2,496,122 shares of the exchange traded fund’s stock worth $28,955,000 after acquiring an additional 332,138 shares during the period.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $16.11 on Friday. Sprott Physical Silver Trust has a one year low of $9.60 and a one year high of $18.15. The business has a 50-day moving average price of $15.21 and a two-hundred day moving average price of $13.14.

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.