Summit Financial LLC Increases Stock Position in Sprott Physical Silver Trust $PSLV

Summit Financial LLC lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 7.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 855,109 shares of the exchange traded fund’s stock after buying an additional 61,995 shares during the quarter. Summit Financial LLC owned about 0.14% of Sprott Physical Silver Trust worth $20,223,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PSLV. ORG Wealth Partners LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter worth approximately $25,000. Strategic Advocates LLC bought a new stake in Sprott Physical Silver Trust during the 3rd quarter worth approximately $29,000. Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust during the 4th quarter worth approximately $31,000. Franklin Resources Inc. bought a new stake in Sprott Physical Silver Trust during the 3rd quarter worth approximately $39,000. Finally, Private Trust Co. NA increased its holdings in Sprott Physical Silver Trust by 218.4% during the 4th quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after acquiring an additional 1,166 shares during the period.

Sprott Physical Silver Trust Stock Up 1.2%

Sprott Physical Silver Trust stock opened at $21.56 on Friday. The firm’s 50 day simple moving average is $24.30 and its 200 day simple moving average is $24.97. Sprott Physical Silver Trust has a 1-year low of $11.91 and a 1-year high of $38.13.

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.