Parsons Capital Management Inc. RI Decreases Stock Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Parsons Capital Management Inc. RI decreased its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,598 shares of the exchange traded fund’s stock after selling 1,550 shares during the period. Parsons Capital Management Inc. RI’s holdings in Sprott Physical Silver Trust were worth $3,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSLV. Bank of Montreal Can lifted its holdings in Sprott Physical Silver Trust by 3.8% in the 2nd quarter. Bank of Montreal Can now owns 440,447 shares of the exchange traded fund’s stock valued at $4,634,000 after purchasing an additional 15,979 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of Sprott Physical Silver Trust by 337.4% in the 2nd quarter. Susquehanna International Group LLP now owns 335,536 shares of the exchange traded fund’s stock worth $3,332,000 after acquiring an additional 258,816 shares during the last quarter. Creative Planning increased its stake in shares of Sprott Physical Silver Trust by 14.7% in the 2nd quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock worth $638,000 after acquiring an additional 8,218 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Sprott Physical Silver Trust by 28.4% in the 2nd quarter. Cetera Investment Advisers now owns 963,657 shares of the exchange traded fund’s stock worth $9,569,000 after acquiring an additional 213,127 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter worth $591,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $10.13 on Monday. The business has a 50-day moving average price of $10.17 and a 200 day moving average price of $10.25. Sprott Physical Silver Trust has a 12-month low of $7.40 and a 12-month high of $11.77.

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.