Savvy Advisors Inc. Purchases New Holdings in Sprott Physical Silver Trust $PSLV

Savvy Advisors Inc. purchased a new position in Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,888 shares of the exchange traded fund’s stock, valued at approximately $658,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Highline Wealth Partners LLC bought a new position in Sprott Physical Silver Trust in the 3rd quarter valued at $25,000. Redwood Park Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $32,000. Atlantic Union Bankshares Corp purchased a new stake in shares of Sprott Physical Silver Trust during the second quarter valued at $32,000. Quilter Plc bought a new position in shares of Sprott Physical Silver Trust in the third quarter worth about $53,000. Finally, CWM LLC increased its stake in Sprott Physical Silver Trust by 152.5% in the 3rd quarter. CWM LLC now owns 4,075 shares of the exchange traded fund’s stock worth $64,000 after buying an additional 2,461 shares during the period.

Sprott Physical Silver Trust Trading Up 2.7%

Shares of PSLV opened at $25.05 on Friday. Sprott Physical Silver Trust has a 1-year low of $9.97 and a 1-year high of $38.13. The company has a 50-day moving average of $26.24 and a 200 day moving average of $19.14.

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.