Douglass Winthrop Advisors LLC Makes New Investment in Sprott Physical Silver Trust $PSLV

Douglass Winthrop Advisors LLC bought a new position in shares of 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 bought 25,350 shares of the exchange traded fund’s stock, valued at approximately $398,000.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC increased its position in Sprott Physical Silver Trust by 23.2% during the first quarter. NewEdge Advisors LLC now owns 67,917 shares of the exchange traded fund’s stock worth $788,000 after acquiring an additional 12,810 shares during the period. Vise Technologies Inc. bought a new stake in Sprott Physical Silver Trust in the 2nd quarter valued at about $177,000. PNC Financial Services Group Inc. boosted its holdings in Sprott Physical Silver Trust by 178.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 112,430 shares of the exchange traded fund’s stock valued at $1,376,000 after purchasing an additional 71,981 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 1.1% during the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 88,774 shares of the exchange traded fund’s stock worth $1,086,000 after purchasing an additional 982 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 171.5% during the 2nd quarter. Foundations Investment Advisors LLC now owns 32,365 shares of the exchange traded fund’s stock worth $396,000 after purchasing an additional 20,442 shares in the last quarter.

Sprott Physical Silver Trust Stock Down 2.1%

Shares of PSLV opened at $27.53 on Friday. Sprott Physical Silver Trust has a 12 month low of $9.97 and a 12 month high of $38.13. The firm’s 50 day moving average is $28.24 and its 200-day moving average is $21.06.

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. 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.