37,302 Shares in Sprott Physical Silver Trust (NYSEARCA:PSLV) Bought by Beam Wealth Advisors Inc.

Beam Wealth Advisors Inc. bought a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 37,302 shares of the exchange traded fund’s stock, valued at approximately $370,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PSLV. Raymond James & Associates raised its holdings in Sprott Physical Silver Trust by 8.2% during the 2nd quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock worth $20,524,000 after buying an additional 156,501 shares during the period. StoneX Group Inc. increased its position in shares of Sprott Physical Silver Trust by 685.4% during the first quarter. StoneX Group Inc. now owns 203,034 shares of the exchange traded fund’s stock worth $1,683,000 after acquiring an additional 177,184 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $89,000. Financial Advocates Investment Management lifted its position in Sprott Physical Silver Trust by 52.1% in the 2nd quarter. Financial Advocates Investment Management now owns 66,315 shares of the exchange traded fund’s stock valued at $659,000 after acquiring an additional 22,720 shares in the last quarter. Finally, Harbour Investments Inc. lifted its position in Sprott Physical Silver Trust by 21.9% in the 2nd quarter. Harbour Investments Inc. now owns 20,999 shares of the exchange traded fund’s stock valued at $209,000 after acquiring an additional 3,769 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

PSLV opened at $9.63 on Tuesday. The business’s 50-day moving average price is $9.93 and its two-hundred day moving average price is $9.49. Sprott Physical Silver Trust has a 1 year low of $7.08 and a 1 year high of $10.88.

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.