Sprott Physical Silver Trust $PSLV Stock Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. lowered its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 91.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 416,439 shares of the exchange traded fund’s stock after selling 4,626,664 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Sprott Physical Silver Trust were worth $8,066,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Integrity Alliance LLC. acquired a new stake in Sprott Physical Silver Trust in the 3rd quarter valued at about $13,575,000. Greenfield Seitz Capital Management LLC grew its stake in shares of Sprott Physical Silver Trust by 20.6% in the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 62,754 shares of the exchange traded fund’s stock worth $1,216,000 after purchasing an additional 10,720 shares during the last quarter. Accordant Advisory Group Inc grew its stake in shares of Sprott Physical Silver Trust by 1.1% in the 3rd quarter. Accordant Advisory Group Inc now owns 466,379 shares of the exchange traded fund’s stock worth $9,034,000 after purchasing an additional 5,041 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $3,537,000. Finally, Vise Technologies Inc. grew its stake in shares of Sprott Physical Silver Trust by 31.1% in the 3rd quarter. Vise Technologies Inc. now owns 29,518 shares of the exchange traded fund’s stock worth $572,000 after purchasing an additional 7,000 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 0.6%

NYSEARCA PSLV opened at $16.87 on Friday. The company’s 50 day simple moving average is $19.63 and its 200 day simple moving average is $22.76. Sprott Physical Silver Trust has a 12 month low of $15.78 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.