Freedom Investment Management Inc. Cuts Stock Position in Sprott Physical Silver Trust $PSLV

Freedom Investment Management Inc. cut its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 21.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,906 shares of the exchange traded fund’s stock after selling 11,015 shares during the quarter. Freedom Investment Management Inc.’s holdings in Sprott Physical Silver Trust were worth $488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ameriflex Group Inc. boosted its stake in Sprott Physical Silver Trust by 161.5% during the second quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 2,100 shares during the period. Barnes Dennig Private Wealth Management LLC purchased a new position in Sprott Physical Silver Trust during the first quarter worth $41,000. First Horizon Advisors Inc. purchased a new position in Sprott Physical Silver Trust during the first quarter worth $42,000. Trust Co. of Vermont purchased a new position in Sprott Physical Silver Trust during the second quarter worth $56,000. Finally, Blue Trust Inc. purchased a new position in Sprott Physical Silver Trust during the second quarter worth $74,000.

Sprott Physical Silver Trust Stock Down 0.6%

NYSEARCA PSLV opened at $16.02 on Friday. The company has a fifty day moving average of $14.92 and a two-hundred day moving average of $12.94. Sprott Physical Silver Trust has a 52 week low of $9.60 and a 52 week high of $18.15.

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.