Forest Hill Capital LLC lessened its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 78.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 388,000 shares of the exchange traded fund’s stock after selling 1,448,500 shares during the quarter. Sprott Physical Silver Trust accounts for about 5.3% of Forest Hill Capital LLC’s holdings, making the stock its 6th biggest holding. Forest Hill Capital LLC’s holdings in Sprott Physical Silver Trust were worth $7,516,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. IMC Chicago LLC raised its stake in shares of Sprott Physical Silver Trust by 5,217.0% in the first quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after acquiring an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP bought a new stake in shares of Sprott Physical Silver Trust during the first quarter valued at approximately $199,763,000. Alps Advisors Inc. grew its stake in shares of Sprott Physical Silver Trust by 10.8% during the third quarter. Alps Advisors Inc. now owns 6,400,186 shares of the exchange traded fund’s stock valued at $123,972,000 after purchasing an additional 622,980 shares during the last quarter. WIT Partners Advisory Pte. Ltd. grew its stake in shares of Sprott Physical Silver Trust by 18.8% during the first quarter. WIT Partners Advisory Pte. Ltd. now owns 1,007,557 shares of the exchange traded fund’s stock valued at $24,574,000 after purchasing an additional 159,765 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in shares of Sprott Physical Silver Trust by 35.8% during the third quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 206,374 shares during the last quarter.
Sprott Physical Silver Trust Price Performance
Shares of Sprott Physical Silver Trust stock opened at $16.73 on Thursday. The firm has a 50 day simple moving average of $19.23 and a 200 day simple moving average of $22.47. Sprott Physical Silver Trust has a fifty-two week low of $15.78 and a fifty-two week high of $38.13.
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.
See Also
- Five stocks we like better than Sprott Physical Silver Trust
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
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).
Receive News & Ratings for Sprott Physical Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Physical Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.
