Sprott Physical Silver Trust $PSLV Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 20.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 572,315 shares of the exchange traded fund’s stock after selling 147,767 shares during the period. Geneos Wealth Management Inc.’s holdings in Sprott Physical Silver Trust were worth $13,959,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust during the 4th quarter valued at about $25,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $27,000. Purpose Unlimited Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $31,000. Finally, Private Trust Co. NA raised its holdings in shares of Sprott Physical Silver Trust by 218.4% during the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 1,166 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 1.7%

Shares of NYSEARCA PSLV opened at $18.53 on Thursday. The stock has a 50 day simple moving average of $22.05 and a 200-day simple moving average of $24.88. Sprott Physical Silver Trust has a 12-month low of $12.32 and a 12-month 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.