Belpointe Asset Management LLC raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 3.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,653 shares of the exchange traded fund’s stock after buying an additional 12,465 shares during the quarter. Belpointe Asset Management LLC owned approximately 0.07% of Sprott Physical Silver Trust worth $4,965,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Center for Financial Planning Inc. bought a new position in Sprott Physical Silver Trust during the 1st quarter valued at $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Sprott Physical Silver Trust in the 1st quarter valued at $41,000. First Horizon Advisors Inc. acquired a new position in Sprott Physical Silver Trust in the 1st quarter worth approximately $42,000. Ameriflex Group Inc. grew its position in Sprott Physical Silver Trust by 161.5% during the second quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter valued at about $56,000.
Sprott Physical Silver Trust Stock Performance
Shares of Sprott Physical Silver Trust stock opened at $16.13 on Monday. Sprott Physical Silver Trust has a 1-year low of $9.60 and a 1-year high of $16.23. The firm has a fifty day simple moving average of $13.74 and a 200-day simple moving average of $12.36.
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.
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