1,137,985 Sprott Physical Silver Trust $PSLV Shares Sold by WIT Partners Advisory Pte. Ltd.

WIT Partners Advisory Pte. Ltd. cut its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 90.5% during the third quarter, Holdings Channel reports. The firm owned 120,045 shares of the exchange traded fund’s stock after selling 1,137,985 shares during the quarter. Sprott Physical Silver Trust makes up 2.6% of WIT Partners Advisory Pte. Ltd.’s portfolio, making the stock its 3rd biggest holding. WIT Partners Advisory Pte. Ltd.’s holdings in Sprott Physical Silver Trust were worth $2,325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PSLV. Global Strategic Management Inc. boosted its position in shares of Sprott Physical Silver Trust by 0.9% during the third quarter. Global Strategic Management Inc. now owns 75,700 shares of the exchange traded fund’s stock worth $1,466,000 after acquiring an additional 700 shares during the last quarter. Columbia Advisory Partners LLC boosted its stake in Sprott Physical Silver Trust by 16.8% during the third quarter. Columbia Advisory Partners LLC now owns 106,945 shares of the exchange traded fund’s stock worth $2,072,000 after buying an additional 15,407 shares during the period. Walser Wealth Management Company A Ltd Liability Co raised its position in Sprott Physical Silver Trust by 57.8% in the 3rd quarter. Walser Wealth Management Company A Ltd Liability Co now owns 234,754 shares of the exchange traded fund’s stock worth $4,547,000 after purchasing an additional 85,980 shares during the period. First Merchants Corp purchased a new position in Sprott Physical Silver Trust during the 3rd quarter valued at $272,000. Finally, Contravisory Investment Management Inc. purchased a new position in Sprott Physical Silver Trust in the 3rd quarter worth about $32,000.

Sprott Physical Silver Trust Trading Up 2.9%

Shares of NYSEARCA PSLV opened at $18.60 on Friday. Sprott Physical Silver Trust has a 52-week low of $15.06 and a 52-week high of $38.13. The stock has a 50 day moving average price of $20.94 and a 200 day moving average price of $21.73.

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.