Park Avenue Securities LLC Sells 45,872 Shares of Sprott Physical Silver Trust $PSLV

Park Avenue Securities LLC trimmed its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 72.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,801 shares of the exchange traded fund’s stock after selling 45,872 shares during the quarter. Park Avenue Securities LLC’s holdings in Sprott Physical Silver Trust were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Leslie Global Wealth LLC purchased a new stake in Sprott Physical Silver Trust in the third quarter worth $234,000. Apollon Wealth Management LLC lifted its position in Sprott Physical Silver Trust by 58.3% during the third quarter. Apollon Wealth Management LLC now owns 34,265 shares of the exchange traded fund’s stock valued at $664,000 after buying an additional 12,624 shares during the period. Kingswood Wealth Advisors LLC purchased a new position in Sprott Physical Silver Trust during the third quarter valued at $233,000. Simplicity Wealth LLC lifted its position in Sprott Physical Silver Trust by 37.0% during the third quarter. Simplicity Wealth LLC now owns 149,362 shares of the exchange traded fund’s stock valued at $2,893,000 after buying an additional 40,343 shares during the period. Finally, Evergreen Capital Management LLC purchased a new position in Sprott Physical Silver Trust during the third quarter valued at $7,953,000.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $16.84 on Friday. Sprott Physical Silver Trust has a 12 month low of $15.78 and a 12 month high of $38.13. The company’s fifty day moving average price is $19.51 and its 200-day moving average price is $22.69.

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.