Private Advisor Group LLC Grows Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Private Advisor Group LLC increased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 298,487 shares of the exchange traded fund’s stock after purchasing an additional 12,895 shares during the quarter. Private Advisor Group LLC’s holdings in Sprott Physical Silver Trust were worth $2,964,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Sandy Cove Advisors LLC purchased a new position in shares of Sprott Physical Silver Trust in the second quarter valued at $99,000. NovaPoint Capital LLC acquired a new stake in Sprott Physical Silver Trust in the 2nd quarter valued at about $102,000. Avantax Advisory Services Inc. acquired a new position in Sprott Physical Silver Trust during the first quarter worth about $89,000. RPS Advisory Solutions LLC purchased a new stake in shares of Sprott Physical Silver Trust in the second quarter valued at about $113,000. Finally, Mather Group LLC. lifted its holdings in shares of Sprott Physical Silver Trust by 864.6% in the second quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 10,600 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV opened at $9.73 on Thursday. Sprott Physical Silver Trust has a 1-year low of $7.08 and a 1-year high of $10.88. The firm has a 50 day simple moving average of $9.91 and a 200-day simple moving average of $9.51.

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.