David Wealth Management LLC Takes $330,000 Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

David Wealth Management LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, Holdings Channel.com reports. The fund bought 34,200 shares of the exchange traded fund’s stock, valued at approximately $330,000.

A number of other large investors have also added to or reduced their stakes in the business. Capital Wealth Alliance LLC increased its holdings in shares of Sprott Physical Silver Trust by 6.5% in the fourth quarter. Capital Wealth Alliance LLC now owns 2,432,372 shares of the exchange traded fund’s stock valued at $23,473,000 after purchasing an additional 149,161 shares during the last quarter. Latitude Advisors LLC boosted its holdings in shares of Sprott Physical Silver Trust by 15.2% during the 4th quarter. Latitude Advisors LLC now owns 31,369 shares of the exchange traded fund’s stock worth $303,000 after buying an additional 4,141 shares during the period. Kingsview Wealth Management LLC grew its stake in Sprott Physical Silver Trust by 8.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 432,115 shares of the exchange traded fund’s stock valued at $4,170,000 after buying an additional 35,026 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in Sprott Physical Silver Trust by 8.1% in the 4th quarter. Apollon Wealth Management LLC now owns 86,489 shares of the exchange traded fund’s stock valued at $835,000 after acquiring an additional 6,470 shares during the period. Finally, SMART Wealth LLC lifted its position in Sprott Physical Silver Trust by 58.5% during the fourth quarter. SMART Wealth LLC now owns 208,759 shares of the exchange traded fund’s stock worth $2,015,000 after acquiring an additional 77,050 shares during the last quarter.

Sprott Physical Silver Trust Stock Down 0.8 %

Sprott Physical Silver Trust stock opened at $10.80 on Wednesday. Sprott Physical Silver Trust has a 12 month low of $7.40 and a 12 month high of $11.77. The stock’s 50 day moving average is $10.24 and its 200-day moving average is $10.29.

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.