Prospera Financial Services Inc Has $14.05 Million Stake in Sprott Physical Silver Trust $PSLV

Prospera Financial Services Inc raised its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 102.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,147,512 shares of the exchange traded fund’s stock after purchasing an additional 580,287 shares during the quarter. Prospera Financial Services Inc’s holdings in Sprott Physical Silver Trust were worth $14,045,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Regency Capital Management Inc. DE grew its holdings in Sprott Physical Silver Trust by 3.1% during the second quarter. Regency Capital Management Inc. DE now owns 208,896 shares of the exchange traded fund’s stock valued at $2,557,000 after purchasing an additional 6,200 shares during the period. PFG Advisors boosted its position in shares of Sprott Physical Silver Trust by 7.9% during the first quarter. PFG Advisors now owns 49,402 shares of the exchange traded fund’s stock worth $573,000 after purchasing an additional 3,601 shares in the last quarter. Pasadena Private Wealth LLC grew its holdings in shares of Sprott Physical Silver Trust by 2.9% in the 1st quarter. Pasadena Private Wealth LLC now owns 515,913 shares of the exchange traded fund’s stock valued at $5,985,000 after buying an additional 14,466 shares during the period. Moors & Cabot Inc. increased its position in shares of Sprott Physical Silver Trust by 0.9% in the 1st quarter. Moors & Cabot Inc. now owns 177,701 shares of the exchange traded fund’s stock valued at $2,061,000 after buying an additional 1,512 shares in the last quarter. Finally, Cresset Asset Management LLC raised its stake in Sprott Physical Silver Trust by 3.0% during the 1st quarter. Cresset Asset Management LLC now owns 34,519 shares of the exchange traded fund’s stock worth $400,000 after buying an additional 1,000 shares during the period.

Sprott Physical Silver Trust Trading Up 1.0%

PSLV stock opened at $16.07 on Friday. Sprott Physical Silver Trust has a 1-year low of $9.60 and a 1-year high of $18.15. The business’s 50-day moving average price is $15.48 and its two-hundred day moving average price is $13.29.

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.