Geneos Wealth Management Inc. Sells 149,846 Shares of Sprott Physical Silver Trust $PSLV

Geneos Wealth Management Inc. decreased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 17.2% in the fourth quarter, HoldingsChannel reports. The firm owned 720,082 shares of the exchange traded fund’s stock after selling 149,846 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Sprott Physical Silver Trust were worth $17,030,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Enclave Advisors LLC bought a new position in Sprott Physical Silver Trust during the 4th quarter valued at approximately $4,795,000. World Investment Advisors raised its position in shares of Sprott Physical Silver Trust by 38.6% in the 3rd quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock worth $12,112,000 after acquiring an additional 214,997 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Sprott Physical Silver Trust by 8.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock worth $8,062,000 after acquiring an additional 38,084 shares in the last quarter. D.A. Davidson & CO. bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $795,000. Finally, Beaumont Financial Advisors LLC raised its position in shares of Sprott Physical Silver Trust by 24.0% in the 4th quarter. Beaumont Financial Advisors LLC now owns 134,878 shares of the exchange traded fund’s stock worth $3,190,000 after acquiring an additional 26,125 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $24.38 on Friday. Sprott Physical Silver Trust has a 52-week low of $10.72 and a 52-week high of $38.13. The stock has a 50 day moving average price of $25.56 and a 200-day moving average price of $23.11.

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.