Sprott Physical Silver Trust $PSLV Stock Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 84.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 59,315 shares of the exchange traded fund’s stock after selling 315,995 shares during the period. Oppenheimer & Co. Inc.’s holdings in Sprott Physical Silver Trust were worth $1,149,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Principia Wealth Advisory LLC grew its stake in Sprott Physical Silver Trust by 13.5% in the 2nd quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after acquiring an additional 480 shares in the last quarter. Castleview Partners LLC grew its position in shares of Sprott Physical Silver Trust by 2.0% during the 3rd quarter. Castleview Partners LLC now owns 31,710 shares of the exchange traded fund’s stock worth $614,000 after buying an additional 620 shares in the last quarter. Global Strategic Management Inc. grew its position in shares of Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Global Strategic Management Inc. now owns 75,700 shares of the exchange traded fund’s stock worth $1,466,000 after buying an additional 700 shares in the last quarter. Beacon Financial Group increased its stake in shares of Sprott Physical Silver Trust by 2.1% during the first quarter. Beacon Financial Group now owns 36,245 shares of the exchange traded fund’s stock valued at $884,000 after buying an additional 750 shares during the period. Finally, Kaizen Financial Strategies increased its stake in shares of Sprott Physical Silver Trust by 8.2% during the first quarter. Kaizen Financial Strategies now owns 10,600 shares of the exchange traded fund’s stock valued at $271,000 after buying an additional 800 shares during the period.

Sprott Physical Silver Trust Stock Performance

PSLV stock opened at $16.27 on Tuesday. Sprott Physical Silver Trust has a 1-year low of $15.51 and a 1-year high of $38.13. The business has a 50-day moving average price of $19.99 and a 200 day moving average price of $22.97.

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.