Advisory Services Network LLC Purchases 156,871 Shares of Sprott Physical Silver Trust $PSLV

Advisory Services Network LLC boosted its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 44.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 511,726 shares of the exchange traded fund’s stock after buying an additional 156,871 shares during the quarter. Advisory Services Network LLC’s holdings in Sprott Physical Silver Trust were worth $6,356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of Sprott Physical Silver Trust by 8.4% during the 1st quarter. HighTower Advisors LLC now owns 440,084 shares of the exchange traded fund’s stock worth $5,105,000 after purchasing an additional 33,935 shares during the last quarter. Cresset Asset Management LLC grew its holdings in Sprott Physical Silver Trust by 3.0% during the first quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock worth $400,000 after purchasing an additional 1,000 shares during the period. Compass Financial Group INC SD bought a new position in Sprott Physical Silver Trust during the first quarter worth about $117,000. Summit Financial LLC increased its position in Sprott Physical Silver Trust by 19.6% during the first quarter. Summit Financial LLC now owns 121,346 shares of the exchange traded fund’s stock worth $1,408,000 after buying an additional 19,896 shares during the last quarter. Finally, Compound Planning Inc. raised its stake in Sprott Physical Silver Trust by 7.3% in the first quarter. Compound Planning Inc. now owns 113,205 shares of the exchange traded fund’s stock valued at $1,313,000 after buying an additional 7,738 shares during the period.

Sprott Physical Silver Trust Stock Down 2.9%

PSLV opened at $20.40 on Monday. The business has a 50 day moving average of $17.29 and a 200-day moving average of $14.59. Sprott Physical Silver Trust has a 12-month low of $9.60 and a 12-month high of $21.41.

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.