Equinox Partners Investment Management LLC trimmed its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 57.8% in the first quarter, Holdings Channel.com reports. The firm owned 384,500 shares of the exchange traded fund’s stock after selling 527,600 shares during the quarter. Sprott Physical Silver Trust comprises about 3.8% of Equinox Partners Investment Management LLC’s portfolio, making the stock its 7th largest position. Equinox Partners Investment Management LLC’s holdings in Sprott Physical Silver Trust were worth $9,378,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. TKG Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 3.0% during the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 356 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Sprott Physical Silver Trust by 2.0% in the 4th quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock worth $509,000 after buying an additional 432 shares during the last quarter. Latitude Advisors LLC increased its position in Sprott Physical Silver Trust by 1.5% in the fourth quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after buying an additional 500 shares during the period. Crane Advisory LLC raised its stake in Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 538 shares in the last quarter. Finally, Wedbush Securities Inc. boosted its holdings in shares of Sprott Physical Silver Trust by 2.3% in the fourth quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock valued at $581,000 after acquiring an additional 550 shares in the last quarter.
Sprott Physical Silver Trust Stock Up 1.9%
NYSEARCA PSLV opened at $18.87 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $12.23 and a 1 year high of $38.13. The business’s fifty day moving average is $23.21 and its two-hundred day moving average is $25.11.
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.
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