Glenmede Trust Co. NA Has $1.90 Million Stock Position in Sprott Physical Silver Trust $PSLV

Glenmede Trust Co. NA lowered its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 58.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,692 shares of the exchange traded fund’s stock after selling 110,332 shares during the period. Glenmede Trust Co. NA’s holdings in Sprott Physical Silver Trust were worth $1,895,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. acquired a new position in Sprott Physical Silver Trust in the fourth quarter valued at about $27,000. Purpose Unlimited Inc. bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at about $28,000. Laurel Wealth Advisors LLC acquired a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $31,000. Franklin Resources Inc. acquired a new position in shares of Sprott Physical Silver Trust in the 3rd quarter valued at approximately $39,000. Finally, Private Trust Co. NA grew its position in shares of Sprott Physical Silver Trust by 218.4% in the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 1,166 shares during the period.

Sprott Physical Silver Trust Price Performance

NYSEARCA PSLV opened at $20.23 on Thursday. The business has a 50 day simple moving average of $20.03 and a 200 day simple moving average of $24.08. Sprott Physical Silver Trust has a 52-week low of $12.61 and a 52-week high of $38.13.

About Sprott Physical Silver Trust

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.