Cherry Tree Wealth Management LLC Sells 10,000 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Cherry Tree Wealth Management LLC trimmed its position in Sprott Physical Silver Trust (NYSEARCA:PSLVFree Report) by 34.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the exchange traded fund’s stock after selling 10,000 shares during the period. Cherry Tree Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Sprott Physical Silver Trust in the fourth quarter worth $25,348,000. Jane Street Group LLC increased its position in shares of Sprott Physical Silver Trust by 122.4% in the 4th quarter. Jane Street Group LLC now owns 4,171,642 shares of the exchange traded fund’s stock valued at $40,256,000 after buying an additional 2,296,233 shares in the last quarter. LM Asset IM Inc. acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth $6,948,000. LPL Financial LLC lifted its holdings in Sprott Physical Silver Trust by 34.1% during the fourth quarter. LPL Financial LLC now owns 2,163,984 shares of the exchange traded fund’s stock worth $20,882,000 after acquiring an additional 549,862 shares in the last quarter. Finally, Fidelis Capital Partners LLC lifted its holdings in Sprott Physical Silver Trust by 50.5% during the fourth quarter. Fidelis Capital Partners LLC now owns 1,630,350 shares of the exchange traded fund’s stock worth $17,216,000 after acquiring an additional 547,050 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

NYSEARCA:PSLV opened at $12.36 on Friday. Sprott Physical Silver Trust has a 1 year low of $9.12 and a 1 year high of $12.58. The stock has a 50-day moving average price of $11.32 and a two-hundred day moving average price of $10.85.

Sprott Physical Silver Trust Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLVFree Report).

Institutional Ownership by Quarter for Sprott Physical Silver Trust (NYSEARCA:PSLV)

Receive News & Ratings for Sprott Physical Silver Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sprott Physical Silver Trust and related companies with MarketBeat.com's FREE daily email newsletter.