Fiduciary Trust Co Lowers Stock Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Fiduciary Trust Co cut its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 2.3% in the third quarter, Holdings Channel reports. The institutional investor owned 212,600 shares of the exchange traded fund’s stock after selling 5,000 shares during the quarter. Fiduciary Trust Co’s holdings in Sprott Physical Silver Trust were worth $2,222,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PSLV. Creative Planning increased its stake in Sprott Physical Silver Trust by 14.7% during the 2nd quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock worth $638,000 after buying an additional 8,218 shares in the last quarter. Raymond James & Associates increased its position in shares of Sprott Physical Silver Trust by 8.2% during the second quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock worth $20,524,000 after purchasing an additional 156,501 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Sprott Physical Silver Trust in the 2nd quarter valued at $591,000. Parsons Capital Management Inc. RI lifted its holdings in Sprott Physical Silver Trust by 0.3% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock valued at $3,465,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Financial Advocates Investment Management boosted its stake in Sprott Physical Silver Trust by 52.1% during the 2nd quarter. Financial Advocates Investment Management now owns 66,315 shares of the exchange traded fund’s stock worth $659,000 after purchasing an additional 22,720 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 2.0 %

Shares of NYSEARCA PSLV opened at $10.32 on Friday. The firm has a 50-day simple moving average of $10.71 and a 200-day simple moving average of $10.26. Sprott Physical Silver Trust has a 52 week low of $7.40 and a 52 week high of $11.77.

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.