Pasadena Private Wealth LLC Cuts Stock Holdings in Sprott Physical Silver Trust $PSLV

Pasadena Private Wealth LLC lowered its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 66.0% in the first quarter, Holdings Channel.com reports. The fund owned 137,028 shares of the exchange traded fund’s stock after selling 265,900 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $3,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter worth approximately $25,000. Mcguire Capital Advisors Inc. acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at $27,000. Purpose Unlimited Inc. purchased a new position in Sprott Physical Silver Trust in the 4th quarter valued at $28,000. Laurel Wealth Advisors LLC purchased a new position in Sprott Physical Silver Trust in the 4th quarter valued at $31,000. Finally, Private Trust Co. NA lifted its holdings in Sprott Physical Silver Trust by 218.4% in the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 1,166 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV opened at $18.72 on Monday. Sprott Physical Silver Trust has a 52-week low of $12.12 and a 52-week high of $38.13. The firm’s fifty day moving average is $23.50 and its two-hundred day moving average is $25.14.

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.