Moors & Cabot Inc. Sells 47,811 Shares of Sprott Physical Silver Trust $PSLV

Moors & Cabot Inc. decreased its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 26.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,890 shares of the exchange traded fund’s stock after selling 47,811 shares during the quarter. Moors & Cabot Inc.’s holdings in Sprott Physical Silver Trust were worth $1,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of PSLV. TKG Advisors LLC bought a new stake in Sprott Physical Silver Trust in the second quarter worth $150,000. K.J. Harrison & Partners Inc raised its stake in shares of Sprott Physical Silver Trust by 56.0% in the second quarter. K.J. Harrison & Partners Inc now owns 460,765 shares of the exchange traded fund’s stock valued at $5,637,000 after acquiring an additional 165,405 shares during the period. Bank of Montreal Can lifted its holdings in shares of Sprott Physical Silver Trust by 36.2% in the 2nd quarter. Bank of Montreal Can now owns 861,955 shares of the exchange traded fund’s stock worth $10,550,000 after acquiring an additional 229,166 shares during the last quarter. Wakefield Asset Management LLLP purchased a new position in shares of Sprott Physical Silver Trust during the 2nd quarter worth about $1,001,000. Finally, TIAA Trust National Association boosted its stake in shares of Sprott Physical Silver Trust by 297.5% during the 2nd quarter. TIAA Trust National Association now owns 810,456 shares of the exchange traded fund’s stock worth $9,920,000 after purchasing an additional 606,556 shares during the period.

Sprott Physical Silver Trust Price Performance

Sprott Physical Silver Trust stock opened at $15.91 on Friday. Sprott Physical Silver Trust has a 1-year low of $9.60 and a 1-year high of $18.15. The company’s 50-day moving average is $15.43 and its 200 day moving average is $13.26.

Sprott Physical Silver Trust Company 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.