Sprott Physical Silver Trust $PSLV Holdings Decreased by WIT Partners Advisory Pte. Ltd.

WIT Partners Advisory Pte. Ltd. cut its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 90.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 120,045 shares of the exchange traded fund’s stock after selling 1,137,985 shares during the quarter. Sprott Physical Silver Trust comprises about 2.6% of WIT Partners Advisory Pte. Ltd.’s holdings, making the stock its 3rd largest position. WIT Partners Advisory Pte. Ltd.’s holdings in Sprott Physical Silver Trust were worth $2,325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Purpose Unlimited Inc. purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth approximately $28,000. Contravisory Investment Management Inc. purchased a new stake in Sprott Physical Silver Trust during the third quarter valued at about $32,000. Trust Co. of Vermont bought a new position in Sprott Physical Silver Trust during the 2nd quarter worth approximately $39,000. Root Financial Partners LLC purchased a new position in shares of Sprott Physical Silver Trust in the first quarter worth $73,000. Finally, Costello Asset Management INC raised its holdings in Sprott Physical Silver Trust by 76.5% during the 1st quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock valued at $73,000 after buying an additional 1,300 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $18.60 on Friday. The firm’s 50-day moving average price is $20.94 and its two-hundred day moving average price is $21.73. Sprott Physical Silver Trust has a 12-month low of $15.06 and a 12-month high of $38.13.

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. 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.