Glenmede Trust Co. NA lessened its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 58.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,692 shares of the exchange traded fund’s stock after selling 110,332 shares during the period. Glenmede Trust Co. NA’s holdings in Sprott Physical Silver Trust were worth $1,895,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Anson Funds Management LP acquired a new stake in shares of Sprott Physical Silver Trust in the 1st quarter valued at $9,924,000. Centaurus Financial Inc. lifted its stake in shares of Sprott Physical Silver Trust by 16.6% during the first quarter. Centaurus Financial Inc. now owns 9,518 shares of the exchange traded fund’s stock valued at $232,000 after acquiring an additional 1,358 shares during the period. Sunbelt Securities Inc. lifted its stake in shares of Sprott Physical Silver Trust by 23.5% during the first quarter. Sunbelt Securities Inc. now owns 26,587 shares of the exchange traded fund’s stock valued at $648,000 after acquiring an additional 5,057 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Sprott Physical Silver Trust by 12.6% in the first quarter. EverSource Wealth Advisors LLC now owns 137,018 shares of the exchange traded fund’s stock valued at $3,342,000 after acquiring an additional 15,375 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its holdings in Sprott Physical Silver Trust by 285.6% in the first quarter. Gateway Wealth Partners LLC now owns 69,150 shares of the exchange traded fund’s stock valued at $1,687,000 after acquiring an additional 51,218 shares during the last quarter.
Sprott Physical Silver Trust Trading Up 4.5%
Shares of PSLV stock opened at $20.23 on Thursday. The stock has a 50-day moving average price of $20.03 and a 200 day moving average price of $24.08. Sprott Physical Silver Trust has a 12 month low of $12.61 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.
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