Wealthcare Capital Management LLC Sells 1,044,940 Shares of Sprott Physical Silver Trust $PSLV

Wealthcare Capital Management LLC trimmed its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 42.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,399,068 shares of the exchange traded fund’s stock after selling 1,044,940 shares during the period. Sprott Physical Silver Trust makes up about 2.2% of Wealthcare Capital Management LLC’s holdings, making the stock its 6th largest holding. Wealthcare Capital Management LLC’s holdings in Sprott Physical Silver Trust were worth $21,965,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PSLV. Commonwealth Equity Services LLC grew its holdings in Sprott Physical Silver Trust by 8.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock valued at $8,062,000 after buying an additional 38,084 shares during the last quarter. World Investment Advisors boosted its position in shares of Sprott Physical Silver Trust by 38.6% in the third quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock valued at $12,112,000 after acquiring an additional 214,997 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter worth $795,000. Accordant Advisory Group Inc increased its position in Sprott Physical Silver Trust by 3.6% during the second quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock worth $6,492,000 after acquiring an additional 18,410 shares during the period. Finally, Abbington Investment Group bought a new position in Sprott Physical Silver Trust during the third quarter worth $4,186,000.

Sprott Physical Silver Trust Price Performance

Shares of Sprott Physical Silver Trust stock opened at $25.05 on Tuesday. The firm has a fifty day moving average price of $26.36 and a two-hundred day moving average price of $19.27. Sprott Physical Silver Trust has a fifty-two week low of $9.97 and a fifty-two week high of $38.13.

About Sprott Physical Silver Trust

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.