Sprott Physical Silver Trust $PSLV Stock Bought by Simplicity Wealth LLC

Simplicity Wealth LLC increased its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 37.0% during the third quarter, Holdings Channel reports. The firm owned 149,362 shares of the exchange traded fund’s stock after buying an additional 40,343 shares during the quarter. Simplicity Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $2,893,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Evergreen Capital Management LLC acquired a new position in Sprott Physical Silver Trust during the third quarter worth approximately $7,953,000. NovaPoint Capital LLC raised its stake in Sprott Physical Silver Trust by 21.7% in the third quarter. NovaPoint Capital LLC now owns 17,119 shares of the exchange traded fund’s stock valued at $332,000 after buying an additional 3,058 shares during the period. New Harbor Financial Group LLC raised its stake in Sprott Physical Silver Trust by 11.2% in the third quarter. New Harbor Financial Group LLC now owns 262,659 shares of the exchange traded fund’s stock valued at $5,088,000 after buying an additional 26,387 shares during the period. Brookstone Capital Management raised its stake in Sprott Physical Silver Trust by 1.3% in the third quarter. Brookstone Capital Management now owns 644,490 shares of the exchange traded fund’s stock valued at $12,484,000 after buying an additional 8,093 shares during the period. Finally, Seros Financial LLC acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at approximately $450,000.

Sprott Physical Silver Trust Price Performance

PSLV opened at $17.37 on Monday. Sprott Physical Silver Trust has a 12-month low of $15.06 and a 12-month high of $38.13. The business has a 50 day moving average of $20.58 and a 200-day moving average of $21.50.

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.