Spire Wealth Management Trims Stake in Sprott Physical Silver Trust $PSLV

Spire Wealth Management decreased its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 98.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,187 shares of the exchange traded fund’s stock after selling 188,243 shares during the period. Spire Wealth Management’s holdings in Sprott Physical Silver Trust were worth $50,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its position in Sprott Physical Silver Trust by 23.2% during the 1st quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 12,810 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Sprott Physical Silver Trust by 1.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 749,758 shares of the exchange traded fund’s stock valued at $9,402,000 after purchasing an additional 8,481 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter worth about $306,000. Farther Finance Advisors LLC grew its holdings in shares of Sprott Physical Silver Trust by 26.8% during the second quarter. Farther Finance Advisors LLC now owns 65,958 shares of the exchange traded fund’s stock worth $807,000 after buying an additional 13,944 shares in the last quarter. Finally, Castleview Partners LLC raised its position in shares of Sprott Physical Silver Trust by 18.7% in the second quarter. Castleview Partners LLC now owns 35,193 shares of the exchange traded fund’s stock valued at $431,000 after buying an additional 5,534 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV opened at $30.73 on Thursday. Sprott Physical Silver Trust has a 1 year low of $9.96 and a 1 year high of $30.76. The company’s 50 day simple moving average is $21.09 and its 200 day simple moving average is $16.60.

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.