Basepoint Wealth LLC Sells 526,513 Shares of Sprott Physical Silver Trust $PSLV

Basepoint Wealth LLC decreased its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 35.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 973,831 shares of the exchange traded fund’s stock after selling 526,513 shares during the quarter. Sprott Physical Silver Trust makes up about 13.6% of Basepoint Wealth LLC’s holdings, making the stock its 2nd biggest position. Basepoint Wealth LLC owned approximately 0.15% of Sprott Physical Silver Trust worth $23,752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PSLV. Balefire LLC increased its stake in shares of Sprott Physical Silver Trust by 19.3% in the first quarter. Balefire LLC now owns 13,875 shares of the exchange traded fund’s stock worth $338,000 after acquiring an additional 2,242 shares during the last quarter. Quadrant Private Wealth Management LLC raised its holdings in shares of Sprott Physical Silver Trust by 12.9% during the first quarter. Quadrant Private Wealth Management LLC now owns 23,606 shares of the exchange traded fund’s stock worth $576,000 after acquiring an additional 2,706 shares in the last quarter. Kera Capital Partners Inc. boosted its position in Sprott Physical Silver Trust by 2.8% during the first quarter. Kera Capital Partners Inc. now owns 523,989 shares of the exchange traded fund’s stock valued at $12,780,000 after purchasing an additional 14,025 shares during the last quarter. NovaPoint Capital LLC boosted its position in Sprott Physical Silver Trust by 14.0% during the first quarter. NovaPoint Capital LLC now owns 12,864 shares of the exchange traded fund’s stock valued at $314,000 after purchasing an additional 1,584 shares during the last quarter. Finally, WIT Partners Advisory Pte. Ltd. grew its stake in Sprott Physical Silver Trust by 18.8% in the first quarter. WIT Partners Advisory Pte. Ltd. now owns 1,007,557 shares of the exchange traded fund’s stock valued at $24,574,000 after purchasing an additional 159,765 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $18.04 on Monday. Sprott Physical Silver Trust has a one year low of $12.32 and a one year high of $38.13. The business’s 50-day moving average price is $21.74 and its two-hundred day moving average price is $24.77.

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.