Wealthcare Advisory Partners LLC Boosts Holdings in Sprott Physical Silver Trust $PSLV

Wealthcare Advisory Partners LLC lifted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 0.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,504 shares of the exchange traded fund’s stock after purchasing an additional 1,974 shares during the period. Wealthcare Advisory Partners LLC owned approximately 0.05% of Sprott Physical Silver Trust worth $3,433,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. grew its stake in shares of Sprott Physical Silver Trust by 27.1% in the first quarter. Jupiter Asset Management Ltd. now owns 6,607,864 shares of the exchange traded fund’s stock worth $76,619,000 after acquiring an additional 1,407,478 shares in the last quarter. Equinox Partners Investment Management LLC increased its holdings in Sprott Physical Silver Trust by 173.8% during the 1st quarter. Equinox Partners Investment Management LLC now owns 1,473,000 shares of the exchange traded fund’s stock worth $17,087,000 after purchasing an additional 935,000 shares during the period. Alps Advisors Inc. purchased a new stake in Sprott Physical Silver Trust during the 1st quarter worth about $8,859,000. Blueprint Financial Advisors LLC purchased a new position in shares of Sprott Physical Silver Trust in the 1st quarter valued at about $5,214,000. Finally, World Investment Advisors purchased a new position in shares of Sprott Physical Silver Trust in the 1st quarter valued at about $4,193,000.

Sprott Physical Silver Trust Price Performance

Shares of Sprott Physical Silver Trust stock opened at $16.13 on Monday. The business has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $12.36. Sprott Physical Silver Trust has a one year low of $9.60 and a one year high of $16.23.

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.