International Assets Investment Management LLC Sells 477,856 Shares of Sprott Physical Silver Trust $PSLV

International Assets Investment Management LLC lessened its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 97.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,315 shares of the exchange traded fund’s stock after selling 477,856 shares during the quarter. International Assets Investment Management LLC’s holdings in Sprott Physical Silver Trust were worth $258,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. IMC Chicago LLC lifted its stake in shares of Sprott Physical Silver Trust by 5,217.0% in the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock valued at $313,496,000 after acquiring an additional 12,611,729 shares during the last quarter. Weiss Asset Management LP acquired a new position in Sprott Physical Silver Trust in the 1st quarter worth about $199,763,000. Kestra Advisory Services LLC increased its holdings in Sprott Physical Silver Trust by 5.2% in the 1st quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock worth $40,613,000 after purchasing an additional 81,917 shares in the last quarter. WIT Partners Advisory Pte. Ltd. increased its holdings in Sprott Physical Silver Trust by 18.8% in the 1st quarter. WIT Partners Advisory Pte. Ltd. now owns 1,007,557 shares of the exchange traded fund’s stock worth $24,574,000 after purchasing an additional 159,765 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC raised its position in Sprott Physical Silver Trust by 35.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock valued at $15,169,000 after purchasing an additional 206,374 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock traded down $0.03 during mid-day trading on Friday, reaching $16.84. 3,431,927 shares of the stock traded hands, compared to its average volume of 11,991,933. The stock’s fifty day simple moving average is $19.51 and its two-hundred day simple moving average is $22.69. Sprott Physical Silver Trust has a 1-year low of $15.78 and a 1-year high of $38.13.

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.