Moors & Cabot Inc. trimmed its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 25.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,092 shares of the exchange traded fund’s stock after selling 31,458 shares during the period. Moors & Cabot Inc.’s holdings in Sprott Physical Silver Trust were worth $2,131,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Foundations Investment Advisors LLC lifted its position in shares of Sprott Physical Silver Trust by 10.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 43,420 shares of the exchange traded fund’s stock valued at $1,027,000 after acquiring an additional 4,269 shares during the period. IFG Advisory LLC lifted its position in shares of Sprott Physical Silver Trust by 27.2% during the 4th quarter. IFG Advisory LLC now owns 25,007 shares of the exchange traded fund’s stock valued at $591,000 after acquiring an additional 5,353 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Sprott Physical Silver Trust by 6.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 642,577 shares of the exchange traded fund’s stock valued at $15,197,000 after acquiring an additional 37,257 shares during the period. Fidelis Capital Partners LLC lifted its position in shares of Sprott Physical Silver Trust by 1.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 1,649,160 shares of the exchange traded fund’s stock valued at $39,003,000 after acquiring an additional 31,000 shares during the period. Finally, Melia Wealth LLC acquired a new stake in shares of Sprott Physical Silver Trust during the 4th quarter valued at approximately $464,000.
Sprott Physical Silver Trust Trading Down 0.2%
PSLV stock opened at $24.08 on Friday. Sprott Physical Silver Trust has a 12-month low of $11.03 and a 12-month high of $38.13. The firm has a 50 day moving average of $24.47 and a 200-day moving average of $24.61.
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. 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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