Royal Bank of Canada Has $69.42 Million Stock Holdings in Sprott Physical Silver Trust $PSLV

Royal Bank of Canada lessened its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 22.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,846,177 shares of the exchange traded fund’s stock after selling 828,191 shares during the quarter. Royal Bank of Canada owned approximately 0.45% of Sprott Physical Silver Trust worth $69,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Mcguire Capital Advisors Inc. bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $27,000. Purpose Unlimited Inc. bought a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth $28,000. Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter worth about $31,000. Franklin Resources Inc. acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $39,000. Finally, Private Trust Co. NA increased its stake in shares of Sprott Physical Silver Trust by 218.4% in the 4th 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 period.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $18.80 on Friday. Sprott Physical Silver Trust has a 1-year low of $12.32 and a 1-year high of $38.13. The business has a 50-day moving average price of $20.32 and a two-hundred day moving average price of $24.32.

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.