Pasadena Private Wealth LLC decreased its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 66.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 137,028 shares of the exchange traded fund’s stock after selling 265,900 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $3,342,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 23.2% in the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock valued at $788,000 after buying an additional 12,810 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Sprott Physical Silver Trust by 5.2% during the 2nd quarter. Cerity Partners LLC now owns 102,908 shares of the exchange traded fund’s stock valued at $1,260,000 after buying an additional 5,081 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of Sprott Physical Silver Trust by 24.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 74,872 shares of the exchange traded fund’s stock valued at $916,000 after buying an additional 14,484 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Sprott Physical Silver Trust by 163.6% during the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after buying an additional 3,582,153 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Sprott Physical Silver Trust by 4.7% in the 2nd quarter. Bank of America Corp DE now owns 465,112 shares of the exchange traded fund’s stock valued at $5,693,000 after acquiring an additional 20,856 shares during the period.
Sprott Physical Silver Trust Price Performance
Shares of NYSEARCA PSLV opened at $18.72 on Monday. The firm has a fifty day moving average of $23.50 and a 200 day moving average of $25.14. Sprott Physical Silver Trust has a one year low of $12.12 and a one year 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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