Parsons Capital Management Inc. RI Sells 30,000 Shares of Sprott Physical Silver Trust $PSLV

Parsons Capital Management Inc. RI lowered its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 8.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,218 shares of the exchange traded fund’s stock after selling 30,000 shares during the period. Parsons Capital Management Inc. RI owned 0.06% of Sprott Physical Silver Trust worth $3,944,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Center for Financial Planning Inc. bought a new position in Sprott Physical Silver Trust in the 1st quarter worth approximately $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in Sprott Physical Silver Trust in the 1st quarter worth approximately $41,000. First Horizon Advisors Inc. bought a new position in Sprott Physical Silver Trust in the 1st quarter worth approximately $42,000. Trust Co. of Vermont bought a new position in Sprott Physical Silver Trust in the 2nd quarter worth approximately $56,000. Finally, Miracle Mile Advisors LLC bought a new position in Sprott Physical Silver Trust in the 1st quarter worth approximately $116,000.

Sprott Physical Silver Trust Trading Up 1.5%

Shares of Sprott Physical Silver Trust stock opened at $15.94 on Thursday. The firm has a fifty day moving average of $13.63 and a two-hundred day moving average of $12.29. Sprott Physical Silver Trust has a 52 week low of $9.60 and a 52 week high of $16.09.

Sprott Physical Silver Trust 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.