Sprott Physical Silver Trust $PSLV Shares Sold by Basepoint Wealth LLC

Basepoint Wealth LLC trimmed its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 35.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 973,831 shares of the exchange traded fund’s stock after selling 526,513 shares during the period. Sprott Physical Silver Trust accounts for approximately 13.6% of Basepoint Wealth LLC’s holdings, making the stock its 2nd largest position. Basepoint Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $23,752,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. TKG Advisors LLC lifted its stake in shares of Sprott Physical Silver Trust by 3.0% in the 4th quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock valued at $292,000 after purchasing an additional 356 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Sprott Physical Silver Trust by 2.0% in the fourth quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock worth $509,000 after purchasing an additional 432 shares in the last quarter. Latitude Advisors LLC boosted its holdings in Sprott Physical Silver Trust by 1.5% in the fourth quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares in the last quarter. Crane Advisory LLC increased its position in Sprott Physical Silver Trust by 5.2% during the fourth quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 538 shares during the last quarter. Finally, Wedbush Securities Inc. increased its position in Sprott Physical Silver Trust by 2.3% during the fourth quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after buying an additional 550 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $18.04 on Monday. The business has a 50-day moving average of $21.74 and a two-hundred day moving average of $24.77. Sprott Physical Silver Trust has a fifty-two week low of $12.32 and a fifty-two week high of $38.13.

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.