Sprott Physical Silver Trust $PSLV Stock: Money Concepts Capital Corp Reduces Holdings

Money Concepts Capital Corp decreased its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 27.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 638,322 shares of the exchange traded fund’s stock after selling 245,223 shares during the quarter. Money Concepts Capital Corp’s holdings in Sprott Physical Silver Trust were worth $12,364,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PSLV. Principia Wealth Advisory LLC boosted its holdings in Sprott Physical Silver Trust by 13.5% in the second quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock valued at $76,000 after purchasing an additional 480 shares during the period. Castleview Partners LLC grew its stake in Sprott Physical Silver Trust by 2.0% during the 3rd quarter. Castleview Partners LLC now owns 31,710 shares of the exchange traded fund’s stock worth $614,000 after purchasing an additional 620 shares in the last quarter. Global Strategic Management Inc. increased its holdings in Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Global Strategic Management Inc. now owns 75,700 shares of the exchange traded fund’s stock worth $1,466,000 after purchasing an additional 700 shares during the period. Corient Private Wealth LP increased its holdings in Sprott Physical Silver Trust by 8.3% during the 2nd quarter. Corient Private Wealth LP now owns 10,601 shares of the exchange traded fund’s stock worth $200,000 after purchasing an additional 811 shares during the period. Finally, Professional Advisory Services Inc. increased its holdings in Sprott Physical Silver Trust by 8.0% during the 3rd quarter. Professional Advisory Services Inc. now owns 13,280 shares of the exchange traded fund’s stock worth $257,000 after purchasing an additional 985 shares during the period.

Sprott Physical Silver Trust Stock Down 3.5%

PSLV stock opened at $16.15 on Friday. The business’s 50-day moving average is $19.13 and its two-hundred day moving average is $22.38. Sprott Physical Silver Trust has a 1 year low of $15.78 and a 1 year high of $38.13.

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. 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.