SMART Wealth LLC lowered its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 37.5% in the first quarter, Holdings Channel reports. The firm owned 139,768 shares of the exchange traded fund’s stock after selling 84,014 shares during the period. Sprott Physical Silver Trust accounts for 1.0% of SMART Wealth LLC’s investment portfolio, making the stock its 28th biggest holding. SMART Wealth LLC’s holdings in Sprott Physical Silver Trust were worth $3,409,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth $27,000. Purpose Unlimited Inc. acquired a new stake in Sprott Physical Silver Trust during the 4th quarter worth $28,000. Strategic Advocates LLC bought a new position in Sprott Physical Silver Trust during the third quarter worth about $29,000. Finally, Laurel Wealth Advisors LLC bought a new position in Sprott Physical Silver Trust during the fourth quarter worth about $31,000.
Sprott Physical Silver Trust Price Performance
NYSEARCA:PSLV opened at $18.87 on Wednesday. Sprott Physical Silver Trust has a 1 year low of $12.23 and a 1 year high of $38.13. The stock has a 50-day moving average price of $23.21 and a two-hundred day moving average price of $25.11.
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.
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