HC Advisors LLC Decreases Stake in Sprott Physical Silver Trust $PSLV

HC Advisors LLC reduced its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 25.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 144,942 shares of the exchange traded fund’s stock after selling 48,580 shares during the quarter. Sprott Physical Silver Trust comprises about 2.4% of HC Advisors LLC’s portfolio, making the stock its 14th largest holding. HC Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $3,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Total Wealth Planning & Management Inc. purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $446,000. SlateStone Wealth LLC purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $1,064,000. J.W. Cole Advisors Inc. raised its position in shares of Sprott Physical Silver Trust by 102.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 276,698 shares of the exchange traded fund’s stock valued at $6,260,000 after purchasing an additional 139,747 shares during the last quarter. Clifford Swan Investment Counsel LLC purchased a new position in shares of Sprott Physical Silver Trust in the 4th quarter valued at approximately $223,000. Finally, Vise Technologies Inc. raised its position in shares of Sprott Physical Silver Trust by 30.7% in the 4th quarter. Vise Technologies Inc. now owns 18,909 shares of the exchange traded fund’s stock valued at $447,000 after purchasing an additional 4,447 shares during the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $21.53 on Friday. The stock’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 fifty-two week low of $11.91 and a fifty-two week 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.