Kovack Advisors Inc. Purchases 41,149 Shares of Sprott Physical Silver Trust $PSLV

Kovack Advisors Inc. raised its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 13.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 342,525 shares of the exchange traded fund’s stock after purchasing an additional 41,149 shares during the period. Kovack Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $5,378,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC lifted its stake in Sprott Physical Silver Trust by 8.0% in the third quarter. Commonwealth Equity Services LLC now owns 513,523 shares of the exchange traded fund’s stock valued at $8,062,000 after buying an additional 38,084 shares in the last quarter. World Investment Advisors increased its position in shares of Sprott Physical Silver Trust by 38.6% during the third quarter. World Investment Advisors now owns 771,495 shares of the exchange traded fund’s stock worth $12,112,000 after acquiring an additional 214,997 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Sprott Physical Silver Trust during the third quarter worth $795,000. Accordant Advisory Group Inc lifted its position in Sprott Physical Silver Trust by 3.6% in the 2nd quarter. Accordant Advisory Group Inc now owns 530,399 shares of the exchange traded fund’s stock valued at $6,492,000 after acquiring an additional 18,410 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in Sprott Physical Silver Trust by 157.2% in the 2nd quarter. CreativeOne Wealth LLC now owns 66,928 shares of the exchange traded fund’s stock valued at $819,000 after acquiring an additional 40,908 shares in the last quarter.

Sprott Physical Silver Trust Stock Up 1.6%

PSLV stock opened at $25.82 on Friday. Sprott Physical Silver Trust has a fifty-two week low of $9.97 and a fifty-two week high of $38.13. The business has a 50-day moving average of $26.63 and a 200-day moving average of $19.44.

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.