Sprott Physical Silver Trust $PSLV Stock Sold by Money Concepts Capital Corp

Money Concepts Capital Corp lowered its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 27.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 638,322 shares of the exchange traded fund’s stock after selling 245,223 shares during the period. Money Concepts Capital Corp owned approximately 0.10% of Sprott Physical Silver Trust worth $12,364,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Breakwater Capital Group acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at $505,000. WIT Partners Advisory Pte. Ltd. lifted its stake in Sprott Physical Silver Trust by 24.9% during the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock worth $23,739,000 after acquiring an additional 250,473 shares in the last quarter. Lincoln Capital Corp lifted its stake in Sprott Physical Silver Trust by 33.8% during the 3rd quarter. Lincoln Capital Corp now owns 130,850 shares of the exchange traded fund’s stock worth $2,535,000 after acquiring an additional 33,050 shares in the last quarter. Cyndeo Wealth Partners LLC boosted its holdings in Sprott Physical Silver Trust by 35.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock valued at $15,169,000 after acquiring an additional 206,374 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV acquired a new position in Sprott Physical Silver Trust in the 3rd quarter valued at about $581,000.

Sprott Physical Silver Trust Stock Down 3.5%

NYSEARCA PSLV opened at $16.15 on Friday. The stock has a 50-day moving average of $19.13 and a two-hundred day moving average of $22.38. Sprott Physical Silver Trust has a 1-year low of $15.78 and a 1-year 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.