Wealthcare Capital Management LLC Trims Position in Sprott Physical Silver Trust $PSLV

Wealthcare Capital Management LLC lowered its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 2.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,028,924 shares of the exchange traded fund’s stock after selling 31,041 shares during the period. Sprott Physical Silver Trust makes up approximately 1.8% of Wealthcare Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Wealthcare Capital Management LLC’s holdings in Sprott Physical Silver Trust were worth $19,416,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TKG Advisors LLC boosted its holdings in Sprott Physical Silver Trust by 3.0% during the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock valued at $292,000 after acquiring an additional 356 shares during the period. Sunbelt Securities Inc. grew its position in Sprott Physical Silver Trust by 2.0% during the 4th quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock worth $509,000 after acquiring an additional 432 shares during the last quarter. Latitude Advisors LLC increased its stake in Sprott Physical Silver Trust by 1.5% in the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares during the period. Wedbush Securities Inc. increased its stake in Sprott Physical Silver Trust by 2.3% in the 4th quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 550 shares during the period. Finally, Mountain Capital Investment Advisors Inc. lifted its position in Sprott Physical Silver Trust by 3.4% in the fourth quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock valued at $447,000 after purchasing an additional 622 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $20.82 on Monday. Sprott Physical Silver Trust has a fifty-two week low of $12.61 and a fifty-two week high of $38.13. The stock has a 50 day moving average price of $19.89 and a two-hundred day moving average price of $23.95.

Sprott Physical Silver Trust Company 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.