Kovack Advisors Inc. Buys 41,149 Shares of Sprott Physical Silver Trust $PSLV

Kovack Advisors Inc. grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 342,525 shares of the exchange traded fund’s stock after buying an additional 41,149 shares during the period. Kovack Advisors Inc. owned 0.06% of Sprott Physical Silver Trust worth $5,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OneAscent Financial Services LLC increased its position in Sprott Physical Silver Trust by 1.0% in the third quarter. OneAscent Financial Services LLC now owns 69,676 shares of the exchange traded fund’s stock worth $1,094,000 after purchasing an additional 656 shares during the period. Carnegie Lake Advisors LLC boosted its stake in shares of Sprott Physical Silver Trust by 1.2% in the 3rd quarter. Carnegie Lake Advisors LLC now owns 62,750 shares of the exchange traded fund’s stock valued at $985,000 after purchasing an additional 750 shares during the last quarter. Sandy Cove Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 4.9% during the 3rd quarter. Sandy Cove Advisors LLC now owns 17,000 shares of the exchange traded fund’s stock worth $267,000 after buying an additional 800 shares during the period. Bleakley Financial Group LLC grew its position in shares of Sprott Physical Silver Trust by 0.3% during the 2nd quarter. Bleakley Financial Group LLC now owns 299,258 shares of the exchange traded fund’s stock worth $3,663,000 after buying an additional 910 shares during the period. Finally, Meixler Investment Management Ltd. raised its stake in shares of Sprott Physical Silver Trust by 3.4% during the second quarter. Meixler Investment Management Ltd. now owns 28,240 shares of the exchange traded fund’s stock worth $346,000 after buying an additional 925 shares during the last quarter.

Sprott Physical Silver Trust Stock Up 1.6%

Shares of PSLV stock opened at $25.82 on Friday. Sprott Physical Silver Trust has a 52-week low of $9.97 and a 52-week high of $38.13. The firm’s 50 day moving average price is $26.63 and its two-hundred day moving average price is $19.44.

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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.