Sprott Physical Silver Trust $PSLV Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 153.5% during the third quarter, HoldingsChannel.com reports. The fund owned 276,931 shares of the exchange traded fund’s stock after purchasing an additional 167,697 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $4,556,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC acquired a new position in Sprott Physical Silver Trust during the 3rd quarter worth approximately $25,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $39,000. Quilter Plc purchased a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at $53,000. CWM LLC lifted its holdings 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 valued at $64,000 after purchasing an additional 2,461 shares in the last quarter. Finally, Tacita Capital Inc purchased a new position in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $70,000.

Sprott Physical Silver Trust Price Performance

Shares of PSLV traded down $0.70 during mid-day trading on Friday, hitting $26.83. The company had a trading volume of 1,514,927 shares, compared to its average volume of 24,347,518. Sprott Physical Silver Trust has a 1-year low of $9.97 and a 1-year high of $38.13. The business’s 50-day simple moving average is $28.24 and its 200-day simple moving average is $21.06.

Sprott Physical Silver Trust Company 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.