Sprott Physical Silver Trust $PSLV Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. reduced its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 25.9% in the 4th quarter, HoldingsChannel reports. The firm owned 90,092 shares of the exchange traded fund’s stock after selling 31,458 shares during the quarter. Moors & Cabot Inc.’s holdings in Sprott Physical Silver Trust were worth $2,131,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth approximately $31,000. Private Trust Co. NA raised its position in shares of Sprott Physical Silver Trust by 218.4% during the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after purchasing an additional 1,166 shares during the last quarter. Strategic Advocates LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Finally, Franklin Resources Inc. acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth approximately $39,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA PSLV opened at $24.08 on Friday. Sprott Physical Silver Trust has a 52-week low of $11.03 and a 52-week high of $38.13. The firm has a fifty day moving average of $24.47 and a 200-day 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.