Sprott Physical Silver Trust $PSLV Shares Purchased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. boosted its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 102.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 276,698 shares of the exchange traded fund’s stock after buying an additional 139,747 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $6,260,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Clifford Swan Investment Counsel LLC purchased a new position in shares of Sprott Physical Silver Trust during the fourth quarter worth approximately $223,000. Vise Technologies Inc. grew its position in shares of Sprott Physical Silver Trust by 30.7% during the fourth quarter. Vise Technologies Inc. now owns 18,909 shares of the exchange traded fund’s stock worth $447,000 after acquiring an additional 4,447 shares during the last quarter. Cibc World Market Inc. grew its position in shares of Sprott Physical Silver Trust by 10.1% during the fourth quarter. Cibc World Market Inc. now owns 935,256 shares of the exchange traded fund’s stock worth $22,119,000 after acquiring an additional 85,908 shares during the last quarter. Founders Financial Securities LLC grew its position in shares of Sprott Physical Silver Trust by 32.0% during the fourth quarter. Founders Financial Securities LLC now owns 38,672 shares of the exchange traded fund’s stock worth $915,000 after acquiring an additional 9,385 shares during the last quarter. Finally, Foundations Investment Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 10.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 43,420 shares of the exchange traded fund’s stock worth $1,027,000 after acquiring an additional 4,269 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV opened at $21.53 on Friday. The company’s 50 day simple moving average is $24.52 and its 200-day simple moving average is $24.82. Sprott Physical Silver Trust has a 12-month low of $11.91 and a 12-month high of $38.13.

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. 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.