Beaird Harris Wealth Management LLC trimmed its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 24.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,133 shares of the exchange traded fund’s stock after selling 28,605 shares during the quarter. Beaird Harris Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $1,644,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Professional Advisory Services Inc. increased its position in shares of Sprott Physical Silver Trust by 8.9% in the 2nd quarter. Professional Advisory Services Inc. now owns 12,295 shares of the exchange traded fund’s stock worth $232,000 after purchasing an additional 1,000 shares during the last quarter. Evanson Financial LLC bought a new position in shares of Sprott Physical Silver Trust during the second quarter worth about $855,000. 180 Wealth Advisors LLC lifted its position in shares of Sprott Physical Silver Trust by 70.0% during the second quarter. 180 Wealth Advisors LLC now owns 29,555 shares of the exchange traded fund’s stock worth $558,000 after purchasing an additional 12,172 shares during the last quarter. CoreCap Advisors LLC grew its stake in Sprott Physical Silver Trust by 6.1% in the second quarter. CoreCap Advisors LLC now owns 17,405 shares of the exchange traded fund’s stock worth $328,000 after purchasing an additional 995 shares in the last quarter. Finally, Hiley Hunt Wealth Management grew its stake in Sprott Physical Silver Trust by 20.4% in the second quarter. Hiley Hunt Wealth Management now owns 29,408 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 4,978 shares in the last quarter.
Sprott Physical Silver Trust Price Performance
Shares of Sprott Physical Silver Trust stock opened at $20.82 on Friday. Sprott Physical Silver Trust has a fifty-two week low of $12.61 and a fifty-two week high of $38.13. The business has a 50-day moving average price of $19.89 and a 200 day moving average price of $23.99.
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.
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