Sprott Physical Silver Trust $PSLV is Basepoint Wealth LLC’s Largest Position

Basepoint Wealth LLC lowered its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,500,344 shares of the exchange traded fund’s stock after selling 120,078 shares during the period. Sprott Physical Silver Trust accounts for 21.6% of Basepoint Wealth LLC’s investment portfolio, making the stock its biggest position. Basepoint Wealth LLC owned about 0.24% of Sprott Physical Silver Trust worth $35,483,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC boosted its position in shares of Sprott Physical Silver Trust by 10.9% in the fourth quarter. Foundations Investment Advisors LLC now owns 43,420 shares of the exchange traded fund’s stock worth $1,027,000 after acquiring an additional 4,269 shares during the last quarter. IFG Advisory LLC raised its position in Sprott Physical Silver Trust by 27.2% in the fourth quarter. IFG Advisory LLC now owns 25,007 shares of the exchange traded fund’s stock valued at $591,000 after purchasing an additional 5,353 shares during the period. Kingsview Wealth Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 6.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 642,577 shares of the exchange traded fund’s stock worth $15,197,000 after purchasing an additional 37,257 shares in the last quarter. Fidelis Capital Partners LLC lifted its stake in shares of Sprott Physical Silver Trust by 1.9% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,649,160 shares of the exchange traded fund’s stock worth $39,003,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Melia Wealth LLC purchased a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth about $464,000.

Sprott Physical Silver Trust Trading Up 1.0%

PSLV stock opened at $24.12 on Friday. Sprott Physical Silver Trust has a 1 year low of $11.03 and a 1 year high of $38.13. The stock has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $24.61.

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.