Sprott Physical Silver Trust (NYSEARCA:PSLV) is Capital Wealth Alliance LLC’s Largest Position

Capital Wealth Alliance LLC lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,283,211 shares of the exchange traded fund’s stock after acquiring an additional 95,988 shares during the quarter. Sprott Physical Silver Trust accounts for about 13.9% of Capital Wealth Alliance LLC’s investment portfolio, making the stock its biggest position. Capital Wealth Alliance LLC owned approximately 0.47% of Sprott Physical Silver Trust worth $23,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Eastern Bank bought a new position in Sprott Physical Silver Trust during the 3rd quarter valued at $45,000. ORG Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the third quarter worth about $70,000. Avantax Advisory Services Inc. acquired a new position in Sprott Physical Silver Trust in the first quarter worth about $89,000. Sandy Cove Advisors LLC bought a new stake in Sprott Physical Silver Trust in the second quarter valued at about $99,000. Finally, ORG Partners LLC acquired a new stake in Sprott Physical Silver Trust during the first quarter valued at approximately $102,000.

Sprott Physical Silver Trust Price Performance

Shares of PSLV traded up $0.06 during mid-day trading on Monday, hitting $11.02. The stock had a trading volume of 1,785,783 shares, compared to its average volume of 4,647,277. Sprott Physical Silver Trust has a fifty-two week low of $7.40 and a fifty-two week high of $11.77. The company’s fifty day simple moving average is $10.53 and its two-hundred day simple moving average is $10.11.

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.