DAVENPORT & Co LLC Sells 15,316 Shares of Sprott Physical Silver Trust $PSLV

DAVENPORT & Co LLC trimmed its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,821 shares of the exchange traded fund’s stock after selling 15,316 shares during the quarter. DAVENPORT & Co LLC’s holdings in Sprott Physical Silver Trust were worth $2,128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec raised its holdings in shares of Sprott Physical Silver Trust by 1.6% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 15,182,048 shares of the exchange traded fund’s stock worth $175,749,000 after acquiring an additional 237,784 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of Sprott Physical Silver Trust by 27.1% during the 1st quarter. Jupiter Asset Management Ltd. now owns 6,607,864 shares of the exchange traded fund’s stock worth $76,619,000 after acquiring an additional 1,407,478 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Sprott Physical Silver Trust by 11.1% during the 1st quarter. Royal Bank of Canada now owns 3,382,576 shares of the exchange traded fund’s stock worth $39,238,000 after acquiring an additional 337,830 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Sprott Physical Silver Trust by 15.3% during the 1st quarter. LPL Financial LLC now owns 2,496,122 shares of the exchange traded fund’s stock worth $28,955,000 after acquiring an additional 332,138 shares in the last quarter. Finally, Sprott Inc. raised its holdings in shares of Sprott Physical Silver Trust by 1.2% during the 1st quarter. Sprott Inc. now owns 1,914,733 shares of the exchange traded fund’s stock worth $22,211,000 after acquiring an additional 22,684 shares in the last quarter.

Sprott Physical Silver Trust Stock Down 0.1%

Shares of PSLV opened at $16.43 on Friday. Sprott Physical Silver Trust has a 1 year low of $9.60 and a 1 year high of $16.95. The business’s 50 day simple moving average is $14.03 and its 200-day simple moving average is $12.48.

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.