Simplicity Wealth LLC lifted its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 37.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 149,362 shares of the exchange traded fund’s stock after acquiring an additional 40,343 shares during the quarter. Simplicity Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $2,893,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Sprott Physical Silver Trust during the third quarter valued at approximately $32,000. Trust Co. of Vermont acquired a new position in shares of Sprott Physical Silver Trust during the 2nd quarter worth approximately $39,000. Root Financial Partners LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $60,000. Costello Asset Management INC increased its position in shares of Sprott Physical Silver Trust by 76.5% during the 1st quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Principia Wealth Advisory LLC raised its stake in shares of Sprott Physical Silver Trust by 13.5% during the 2nd quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after purchasing an additional 480 shares in the last quarter.
Sprott Physical Silver Trust Stock Performance
Shares of Sprott Physical Silver Trust stock opened at $17.37 on Monday. Sprott Physical Silver Trust has a 12-month low of $15.06 and a 12-month high of $38.13. The business’s 50 day moving average is $20.58 and its 200-day moving average is $21.50.
Sprott Physical Silver Trust Company 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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