Convergence Financial LLC Buys 34,737 Shares of Sprott Physical Silver Trust $PSLV

Convergence Financial LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 3rd quarter, Holdings Channel.com reports. The firm bought 34,737 shares of the exchange traded fund’s stock, valued at approximately $673,000.

Several other large investors have also recently added to or reduced their stakes in the business. Principia Wealth Advisory LLC boosted its stake in Sprott Physical Silver Trust by 13.5% in the 2nd quarter. Principia Wealth Advisory LLC now owns 4,045 shares of the exchange traded fund’s stock worth $76,000 after buying an additional 480 shares during the last quarter. Castleview Partners LLC grew its holdings in Sprott Physical Silver Trust by 2.0% in the 3rd quarter. Castleview Partners LLC now owns 31,710 shares of the exchange traded fund’s stock valued at $614,000 after buying an additional 620 shares during the period. Global Strategic Management Inc. grew its holdings in Sprott Physical Silver Trust by 0.9% in the 3rd quarter. Global Strategic Management Inc. now owns 75,700 shares of the exchange traded fund’s stock valued at $1,466,000 after buying an additional 700 shares during the period. Beacon Financial Group increased its stake in shares of Sprott Physical Silver Trust by 2.1% during the 1st quarter. Beacon Financial Group now owns 36,245 shares of the exchange traded fund’s stock valued at $884,000 after acquiring an additional 750 shares during the last quarter. Finally, Kaizen Financial Strategies increased its stake in shares of Sprott Physical Silver Trust by 8.2% during the 1st quarter. Kaizen Financial Strategies now owns 10,600 shares of the exchange traded fund’s stock valued at $271,000 after acquiring an additional 800 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 3.2%

Shares of PSLV stock opened at $16.88 on Friday. Sprott Physical Silver Trust has a 1-year low of $15.51 and a 1-year high of $38.13. The firm’s 50-day simple moving average is $20.25 and its 200-day simple moving average is $23.09.

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.