Cherry Tree Wealth Management LLC Reduces Stock Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Cherry Tree Wealth Management LLC lessened its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 14.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 29,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in PSLV. Creative Planning boosted its holdings in shares of Sprott Physical Silver Trust by 13.3% during the 3rd quarter. Creative Planning now owns 72,796 shares of the exchange traded fund’s stock valued at $761,000 after acquiring an additional 8,528 shares during the last quarter. Eastern Bank purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter valued at about $45,000. Private Advisor Group LLC boosted its holdings in shares of Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 301,194 shares of the exchange traded fund’s stock valued at $3,147,000 after acquiring an additional 2,707 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 483.5% in the 3rd quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock worth $53,330,000 after purchasing an additional 461,785 shares during the period. Finally, Pettinga Financial Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 24.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 196,355 shares of the exchange traded fund’s stock worth $2,052,000 after purchasing an additional 38,490 shares during the period.

Sprott Physical Silver Trust Trading Down 1.0 %

Shares of NYSEARCA:PSLV opened at $11.05 on Monday. The firm’s 50 day moving average price is $10.32 and its 200-day moving average price is $10.37. Sprott Physical Silver Trust has a twelve month low of $7.45 and a twelve month high of $11.77.

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.