27,000 Shares in Sprott Physical Silver Trust $PSLV Acquired by VanWeelden Wealth Management LLC

VanWeelden Wealth Management LLC acquired a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,000 shares of the exchange traded fund’s stock, valued at approximately $424,000. Sprott Physical Silver Trust accounts for about 0.3% of VanWeelden Wealth Management LLC’s portfolio, making the stock its 14th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC purchased a new position in Sprott Physical Silver Trust in the third quarter valued at about $25,000. Redwood Park Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the 2nd quarter valued at $32,000. Atlantic Union Bankshares Corp bought a new position in Sprott Physical Silver Trust in the 2nd quarter worth about $32,000. Ameriflex Group Inc. grew its holdings in Sprott Physical Silver Trust by 161.5% during the 2nd quarter. Ameriflex Group Inc. now owns 3,400 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 2,100 shares in the last quarter. Finally, Quilter Plc purchased a new position in Sprott Physical Silver Trust during the 3rd quarter valued at about $53,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA PSLV traded up $1.15 on Wednesday, hitting $35.43. The stock had a trading volume of 6,359,425 shares, compared to its average volume of 24,134,639. The firm has a 50-day moving average of $23.76 and a 200-day moving average of $17.84. Sprott Physical Silver Trust has a 52-week low of $9.97 and a 52-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.