Gradient Investments LLC Sells 44,938 Shares of Sprott Physical Silver Trust $PSLV

Gradient Investments LLC lessened its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 25.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 135,005 shares of the exchange traded fund’s stock after selling 44,938 shares during the period. Gradient Investments LLC’s holdings in Sprott Physical Silver Trust were worth $2,548,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of PSLV. TKG Advisors LLC lifted its holdings in Sprott Physical Silver Trust by 3.0% during the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock worth $292,000 after acquiring an additional 356 shares during the period. Sunbelt Securities Inc. increased its position in shares of Sprott Physical Silver Trust by 2.0% during the 4th quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock valued at $509,000 after purchasing an additional 432 shares during the last quarter. Latitude Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 1.5% during the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock valued at $815,000 after purchasing an additional 500 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Sprott Physical Silver Trust by 2.3% during the 4th quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 550 shares during the period. Finally, Mountain Capital Investment Advisors Inc. raised its stake in shares of Sprott Physical Silver Trust by 3.4% during the 4th quarter. Mountain Capital Investment Advisors Inc. now owns 18,918 shares of the exchange traded fund’s stock worth $447,000 after purchasing an additional 622 shares during the period.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $20.82 on Monday. The company’s 50-day moving average is $19.89 and its 200 day moving average is $23.95. Sprott Physical Silver Trust has a fifty-two week low of $12.61 and a fifty-two week high of $38.13.

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.