45,872 Sprott Physical Silver Trust $PSLV Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC trimmed its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 72.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 17,801 shares of the exchange traded fund’s stock after selling 45,872 shares during the period. Park Avenue Securities LLC’s holdings in Sprott Physical Silver Trust were worth $345,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PSLV. Leslie Global Wealth LLC bought a new position in Sprott Physical Silver Trust during the 3rd quarter valued at approximately $234,000. Apollon Wealth Management LLC raised its stake in Sprott Physical Silver Trust by 58.3% during the third quarter. Apollon Wealth Management LLC now owns 34,265 shares of the exchange traded fund’s stock valued at $664,000 after buying an additional 12,624 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new position in Sprott Physical Silver Trust during the third quarter valued at $233,000. Simplicity Wealth LLC raised its stake in Sprott Physical Silver Trust by 37.0% during the third quarter. Simplicity Wealth LLC now owns 149,362 shares of the exchange traded fund’s stock valued at $2,893,000 after buying an additional 40,343 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in Sprott Physical Silver Trust during the third quarter valued at $7,953,000.

Sprott Physical Silver Trust Price Performance

Sprott Physical Silver Trust stock opened at $16.84 on Friday. The business’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $22.69. Sprott Physical Silver Trust has a 12 month low of $15.78 and a 12 month high of $38.13.

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.