Beaumont Financial Advisors LLC Has $2.52 Million Stock Position in Sprott Physical Silver Trust $PSLV

Beaumont Financial Advisors LLC decreased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 23.5% in the first quarter, Holdings Channel reports. The fund owned 103,153 shares of the exchange traded fund’s stock after selling 31,725 shares during the period. Beaumont Financial Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of PSLV. Enclave Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $4,795,000. JPMorgan Chase & Co. increased its position in shares of Sprott Physical Silver Trust by 25.9% during the third quarter. JPMorgan Chase & Co. now owns 145,990 shares of the exchange traded fund’s stock valued at $2,292,000 after purchasing an additional 30,062 shares during the period. Wealthcare Advisory Partners LLC increased its position in shares of Sprott Physical Silver Trust by 16.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 352,808 shares of the exchange traded fund’s stock valued at $8,344,000 after purchasing an additional 49,793 shares during the period. World Investment Advisors raised its stake in shares of Sprott Physical Silver Trust by 15.4% in the fourth quarter. World Investment Advisors now owns 889,940 shares of the exchange traded fund’s stock valued at $21,047,000 after purchasing an additional 118,445 shares in the last quarter. Finally, WIT Partners Advisory Pte. Ltd. raised its stake in shares of Sprott Physical Silver Trust by 61.8% in the fourth quarter. WIT Partners Advisory Pte. Ltd. now owns 847,792 shares of the exchange traded fund’s stock valued at $19,048,000 after purchasing an additional 323,722 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $18.53 on Thursday. The firm has a fifty day moving average of $22.05 and a 200-day moving average of $24.88. Sprott Physical Silver Trust has a 52-week low of $12.32 and a 52-week 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.