Steward Partners Investment Advisory LLC Sells 1,242 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Steward Partners Investment Advisory LLC decreased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 364,423 shares of the exchange traded fund’s stock after selling 1,242 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Sprott Physical Silver Trust were worth $3,517,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Horizon Advisors Inc. bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $32,000. US Bancorp DE raised its position in shares of Sprott Physical Silver Trust by 21.6% in the 4th quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 1,250 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $80,000. Hara Capital LLC bought a new position in shares of Sprott Physical Silver Trust in the 3rd quarter worth approximately $86,000. Finally, James Hambro & Partners LLP bought a new position in shares of Sprott Physical Silver Trust in the 4th quarter worth approximately $106,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $11.10 on Friday. Sprott Physical Silver Trust has a 52-week low of $8.01 and a 52-week high of $11.77. The stock has a 50 day moving average price of $10.45 and a 200-day moving average price of $10.43.

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.