Rathbones Group PLC reduced its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 44.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 177,958 shares of the exchange traded fund’s stock after selling 141,475 shares during the quarter. Rathbones Group PLC’s holdings in Sprott Physical Silver Trust were worth $4,340,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Mcguire Capital Advisors Inc. bought a new stake in shares of Sprott Physical Silver Trust in the 4th quarter worth $27,000. Purpose Unlimited Inc. bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at about $28,000. Laurel Wealth Advisors LLC purchased a new position in Sprott Physical Silver Trust during the fourth quarter worth about $31,000. Private Trust Co. NA boosted its holdings in Sprott Physical Silver Trust by 218.4% during the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 1,166 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Sprott Physical Silver Trust during the third quarter worth about $39,000.
Sprott Physical Silver Trust Stock Up 0.5%
Shares of PSLV stock opened at $18.89 on Tuesday. Sprott Physical Silver Trust has a 52-week low of $12.61 and a 52-week high of $38.13. The company has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $24.23.
About Sprott Physical Silver Trust
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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