Hollencrest Capital Management Purchases 41,008 Shares of Sprott Physical Silver Trust $PSLV

Hollencrest Capital Management raised its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,395,847 shares of the exchange traded fund’s stock after acquiring an additional 41,008 shares during the period. Hollencrest Capital Management owned about 0.24% of Sprott Physical Silver Trust worth $21,915,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its stake in shares of Sprott Physical Silver Trust by 53.7% in the third quarter. AE Wealth Management LLC now owns 37,701 shares of the exchange traded fund’s stock valued at $592,000 after purchasing an additional 13,176 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Sprott Physical Silver Trust during the third quarter worth $140,000. TD Waterhouse Canada Inc. increased its holdings in Sprott Physical Silver Trust by 18.0% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 198,199 shares of the exchange traded fund’s stock valued at $3,156,000 after buying an additional 30,195 shares during the period. Capital Wealth Alliance LLC increased its holdings in Sprott Physical Silver Trust by 0.5% in the 3rd quarter. Capital Wealth Alliance LLC now owns 2,462,498 shares of the exchange traded fund’s stock valued at $38,662,000 after buying an additional 12,196 shares during the period. Finally, VanWeelden Wealth Management LLC acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at $424,000.

Sprott Physical Silver Trust Trading Up 6.1%

Shares of Sprott Physical Silver Trust stock opened at $36.36 on Thursday. The firm’s 50-day simple moving average is $24.15 and its 200-day simple moving average is $17.97. Sprott Physical Silver Trust has a twelve month low of $9.97 and a twelve 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.