SlateStone Wealth LLC Takes $1.06 Million Position in Sprott Physical Silver Trust $PSLV

SlateStone Wealth LLC purchased a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 45,000 shares of the exchange traded fund’s stock, valued at approximately $1,064,000.

A number of other institutional investors have also added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its stake in Sprott Physical Silver Trust by 102.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 276,698 shares of the exchange traded fund’s stock worth $6,260,000 after buying an additional 139,747 shares during the period. Clifford Swan Investment Counsel LLC acquired a new position in Sprott Physical Silver Trust during the 4th quarter worth approximately $223,000. Vise Technologies Inc. raised its stake in Sprott Physical Silver Trust by 30.7% during the 4th quarter. Vise Technologies Inc. now owns 18,909 shares of the exchange traded fund’s stock worth $447,000 after buying an additional 4,447 shares during the period. Cibc World Market Inc. raised its stake in Sprott Physical Silver Trust by 10.1% during the 4th quarter. Cibc World Market Inc. now owns 935,256 shares of the exchange traded fund’s stock worth $22,119,000 after buying an additional 85,908 shares during the period. Finally, Founders Financial Securities LLC raised its stake in Sprott Physical Silver Trust by 32.0% during the 4th quarter. Founders Financial Securities LLC now owns 38,672 shares of the exchange traded fund’s stock worth $915,000 after buying an additional 9,385 shares during the period.

Sprott Physical Silver Trust Stock Down 8.1%

PSLV stock opened at $21.53 on Friday. The stock’s 50 day simple moving average is $24.52 and its 200 day simple moving average is $24.82. Sprott Physical Silver Trust has a fifty-two week low of $11.91 and a fifty-two week high of $38.13.

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.