Western Wealth Management LLC purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 154,387 shares of the exchange traded fund’s stock, valued at approximately $3,651,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in PSLV. ORG Wealth Partners LLC bought a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth $25,000. Strategic Advocates LLC bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth $29,000. Laurel Wealth Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth $31,000. Franklin Resources Inc. bought a new stake in shares of Sprott Physical Silver Trust in the third quarter worth $39,000. Finally, Private Trust Co. NA increased its stake 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 worth $40,000 after buying an additional 1,166 shares during the last quarter.
Sprott Physical Silver Trust Stock Performance
Shares of NYSEARCA:PSLV opened at $28.48 on Thursday. The company has a fifty day simple moving average of $25.04 and a 200 day simple moving average of $23.93. Sprott Physical Silver Trust has a 12-month low of $10.73 and a 12-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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