Sprott Physical Silver Trust $PSLV Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 84.2% during the third quarter, Holdings Channel reports. The institutional investor owned 59,315 shares of the exchange traded fund’s stock after selling 315,995 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Sprott Physical Silver Trust were worth $1,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. IMC Chicago LLC boosted its position in shares of Sprott Physical Silver Trust by 5,217.0% in the 1st quarter. IMC Chicago LLC now owns 12,853,471 shares of the exchange traded fund’s stock worth $313,496,000 after purchasing an additional 12,611,729 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $199,763,000. Kestra Advisory Services LLC increased its position in shares of Sprott Physical Silver Trust by 5.2% in the 1st quarter. Kestra Advisory Services LLC now owns 1,665,146 shares of the exchange traded fund’s stock valued at $40,613,000 after acquiring an additional 81,917 shares during the period. WIT Partners Advisory Pte. Ltd. raised its stake in Sprott Physical Silver Trust by 24.9% in the 2nd quarter. WIT Partners Advisory Pte. Ltd. now owns 1,258,030 shares of the exchange traded fund’s stock worth $23,739,000 after acquiring an additional 250,473 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its position in Sprott Physical Silver Trust by 35.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 783,096 shares of the exchange traded fund’s stock worth $15,169,000 after acquiring an additional 206,374 shares during the period.

Sprott Physical Silver Trust Trading Up 1.6%

Sprott Physical Silver Trust stock opened at $16.27 on Tuesday. The business’s 50-day simple moving average is $19.99 and its two-hundred day simple moving average is $22.97. Sprott Physical Silver Trust has a fifty-two week low of $15.51 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.