Sprott Physical Silver Trust $PSLV Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 16.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 319,433 shares of the exchange traded fund’s stock after selling 64,014 shares during the period. Rathbones Group PLC’s holdings in Sprott Physical Silver Trust were worth $7,555,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kaizen Financial Strategies purchased a new stake in Sprott Physical Silver Trust during the fourth quarter valued at about $232,000. Sowell Financial Services LLC acquired a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $579,000. Signaturefd LLC increased its holdings in Sprott Physical Silver Trust by 2,631.6% in the fourth quarter. Signaturefd LLC now owns 4,152 shares of the exchange traded fund’s stock worth $98,000 after buying an additional 4,000 shares during the last quarter. Sovran Advisors LLC acquired a new position in Sprott Physical Silver Trust in the fourth quarter worth approximately $257,000. Finally, Savvy Advisors Inc. increased its holdings in Sprott Physical Silver Trust by 8.0% in the fourth quarter. Savvy Advisors Inc. now owns 45,238 shares of the exchange traded fund’s stock worth $1,070,000 after buying an additional 3,350 shares during the last quarter.

Sprott Physical Silver Trust Trading Down 0.0%

Shares of PSLV stock opened at $23.56 on Tuesday. Sprott Physical Silver Trust has a 12 month low of $9.97 and a 12 month high of $38.13. The business’s 50 day moving average is $26.45 and its two-hundred day moving average is $22.34.

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.