Money Concepts Capital Corp Increases Stock Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Money Concepts Capital Corp lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 619,347 shares of the exchange traded fund’s stock after acquiring an additional 7,465 shares during the period. Money Concepts Capital Corp’s holdings in Sprott Physical Silver Trust were worth $5,977,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PSLV. XTX Topco Ltd purchased a new position in Sprott Physical Silver Trust during the third quarter worth $293,000. Creative Planning raised its stake in Sprott Physical Silver Trust by 14.7% in the 2nd quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock valued at $638,000 after purchasing an additional 8,218 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Sprott Physical Silver Trust in the 2nd quarter valued at about $591,000. Walleye Capital LLC purchased a new stake in shares of Sprott Physical Silver Trust during the third quarter worth about $1,086,000. Finally, Brookstone Capital Management raised its position in shares of Sprott Physical Silver Trust by 5.8% in the third quarter. Brookstone Capital Management now owns 386,110 shares of the exchange traded fund’s stock valued at $4,035,000 after buying an additional 21,247 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $10.83 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $7.40 and a 1 year high of $11.77. The firm’s 50 day moving average price is $10.18 and its 200 day moving average price is $10.25.

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.