Prospera Financial Services Inc Raises Stake in Sprott Physical Silver Trust $PSLV

Prospera Financial Services Inc raised its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,525,021 shares of the exchange traded fund’s stock after acquiring an additional 233,495 shares during the quarter. Sprott Physical Silver Trust makes up about 0.6% of Prospera Financial Services Inc’s holdings, making the stock its 29th biggest holding. Prospera Financial Services Inc’s holdings in Sprott Physical Silver Trust were worth $36,067,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $31,000. Private Trust Co. NA lifted its stake in Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 1,166 shares during the last quarter. Strategic Advocates LLC purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $39,000.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA:PSLV opened at $24.24 on Friday. Sprott Physical Silver Trust has a twelve month low of $11.03 and a twelve month high of $38.13. The firm has a 50 day simple moving average of $24.65 and a 200-day simple moving average of $24.32.

About Sprott Physical Silver Trust

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.