PFG Advisors Reduces Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

PFG Advisors reduced its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 45,801 shares of the exchange traded fund’s stock after selling 1,586 shares during the period. PFG Advisors’ holdings in Sprott Physical Silver Trust were worth $442,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. XTX Topco Ltd purchased a new position in Sprott Physical Silver Trust in the 3rd quarter valued at approximately $293,000. Stratos Wealth Partners LTD. increased its position in Sprott Physical Silver Trust by 8.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock worth $1,112,000 after buying an additional 8,500 shares in the last quarter. Walleye Capital LLC purchased a new position in Sprott Physical Silver Trust during the third quarter worth $1,086,000. Allworth Financial LP increased its position in Sprott Physical Silver Trust by 3,565.3% during the fourth quarter. Allworth Financial LP now owns 78,805 shares of the exchange traded fund’s stock worth $816,000 after buying an additional 76,655 shares in the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in Sprott Physical Silver Trust during the third quarter worth $32,000.

Sprott Physical Silver Trust Stock Up 0.1 %

Shares of NYSEARCA:PSLV opened at $11.53 on Friday. Sprott Physical Silver Trust has a 52 week low of $8.12 and a 52 week high of $11.77. The business has a fifty day simple moving average of $10.62 and a 200-day simple moving average of $10.48.

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.