Sequoia Financial Advisors LLC Makes New $716,000 Investment in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Sequoia Financial Advisors LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 4th quarter, HoldingsChannel.com reports. The fund bought 74,222 shares of the exchange traded fund’s stock, valued at approximately $716,000.

Several other hedge funds have also recently modified their holdings of PSLV. Pettinga Financial Advisors LLC lifted its position in shares of Sprott Physical Silver Trust by 24.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 196,355 shares of the exchange traded fund’s stock worth $2,052,000 after buying an additional 38,490 shares in the last quarter. Islay Capital Management LLC lifted its position in shares of Sprott Physical Silver Trust by 2.3% during the 3rd quarter. Islay Capital Management LLC now owns 58,924 shares of the exchange traded fund’s stock worth $616,000 after buying an additional 1,300 shares in the last quarter. Prospera Financial Services Inc raised its holdings in shares of Sprott Physical Silver Trust by 5.4% in the 3rd quarter. Prospera Financial Services Inc now owns 552,979 shares of the exchange traded fund’s stock worth $5,779,000 after purchasing an additional 28,328 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $32,000. Finally, Moors & Cabot Inc. raised its holdings in shares of Sprott Physical Silver Trust by 1.1% in the 3rd quarter. Moors & Cabot Inc. now owns 177,012 shares of the exchange traded fund’s stock worth $1,850,000 after purchasing an additional 1,966 shares during the period.

Sprott Physical Silver Trust Stock Up 0.1 %

NYSEARCA:PSLV opened at $11.53 on Monday. The firm’s 50 day moving average is $10.65 and its 200 day moving average is $10.49. Sprott Physical Silver Trust has a 12 month low of $8.12 and a 12 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.