Spire Wealth Management Decreases Stock Holdings in Sprott Physical Silver Trust $PSLV

Spire Wealth Management lowered its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 98.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,187 shares of the exchange traded fund’s stock after selling 188,243 shares during the period. Spire Wealth Management’s holdings in Sprott Physical Silver Trust were worth $50,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jane Street Group LLC increased its holdings in Sprott Physical Silver Trust by 163.6% in the 2nd quarter. Jane Street Group LLC now owns 5,772,074 shares of the exchange traded fund’s stock valued at $70,650,000 after purchasing an additional 3,582,153 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Sprott Physical Silver Trust by 15.2% in the second quarter. Jupiter Asset Management Ltd. now owns 7,610,391 shares of the exchange traded fund’s stock worth $93,214,000 after buying an additional 1,002,527 shares during the period. TT Capital Management LLC grew its stake in shares of Sprott Physical Silver Trust by 4,785.4% in the second quarter. TT Capital Management LLC now owns 687,475 shares of the exchange traded fund’s stock valued at $8,415,000 after buying an additional 673,403 shares in the last quarter. TIAA Trust National Association raised its holdings in shares of Sprott Physical Silver Trust by 297.5% during the 2nd quarter. TIAA Trust National Association now owns 810,456 shares of the exchange traded fund’s stock valued at $9,920,000 after buying an additional 606,556 shares during the period. Finally, Prospera Financial Services Inc lifted its position in Sprott Physical Silver Trust by 102.3% during the 2nd quarter. Prospera Financial Services Inc now owns 1,147,512 shares of the exchange traded fund’s stock worth $14,045,000 after acquiring an additional 580,287 shares in the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $30.73 on Thursday. The firm has a fifty day simple moving average of $21.09 and a 200-day simple moving average of $16.60. Sprott Physical Silver Trust has a twelve month low of $9.96 and a twelve month high of $30.76.

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.