Simplicity Wealth LLC Increases Stock Position in Sprott Physical Silver Trust $PSLV

Simplicity Wealth LLC boosted its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 113.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,427 shares of the exchange traded fund’s stock after buying an additional 55,558 shares during the quarter. Simplicity Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $2,547,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its position in shares of Sprott Physical Silver Trust by 4.3% in the first quarter. Sequoia Financial Advisors LLC now owns 99,623 shares of the exchange traded fund’s stock worth $2,430,000 after acquiring an additional 4,118 shares during the period. Costello Asset Management INC increased its stake in shares of Sprott Physical Silver Trust by 76.5% in the 1st quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock valued at $73,000 after purchasing an additional 1,300 shares in the last quarter. Beacon Financial Group increased its stake in shares of Sprott Physical Silver Trust by 2.1% in the 1st quarter. Beacon Financial Group now owns 36,245 shares of the exchange traded fund’s stock valued at $884,000 after purchasing an additional 750 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in Sprott Physical Silver Trust by 5.2% in the 1st quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock worth $40,613,000 after purchasing an additional 81,917 shares during the period. Finally, Money Concepts Capital Corp raised its holdings in Sprott Physical Silver Trust by 0.4% in the 1st quarter. Money Concepts Capital Corp now owns 617,202 shares of the exchange traded fund’s stock worth $15,054,000 after purchasing an additional 2,193 shares during the period.

Sprott Physical Silver Trust Stock Down 0.4%

PSLV traded down $0.07 during trading on Friday, hitting $19.14. The company’s stock had a trading volume of 4,847,024 shares, compared to its average volume of 15,253,839. Sprott Physical Silver Trust has a twelve month low of $12.32 and a twelve month high of $38.13. The business’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $24.97.

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.