Everest Financial Group LLC Takes $4.61 Million Position in Sprott Physical Silver Trust $PSLV

Everest Financial Group LLC acquired a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the first quarter, Holdings Channel reports. The institutional investor acquired 188,965 shares of the exchange traded fund’s stock, valued at approximately $4,609,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PSLV. TKG Advisors LLC boosted its holdings in Sprott Physical Silver Trust by 3.0% in the fourth quarter. TKG Advisors LLC now owns 12,363 shares of the exchange traded fund’s stock valued at $292,000 after acquiring an additional 356 shares during the last quarter. Sunbelt Securities Inc. increased its position in Sprott Physical Silver Trust by 2.0% during the 4th quarter. Sunbelt Securities Inc. now owns 21,530 shares of the exchange traded fund’s stock valued at $509,000 after purchasing an additional 432 shares during the period. Latitude Advisors LLC raised its holdings in Sprott Physical Silver Trust by 1.5% during the 4th quarter. Latitude Advisors LLC now owns 34,469 shares of the exchange traded fund’s stock worth $815,000 after purchasing an additional 500 shares during the last quarter. Crane Advisory LLC raised its holdings in Sprott Physical Silver Trust by 5.2% during the 4th quarter. Crane Advisory LLC now owns 10,969 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 538 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its position in shares of Sprott Physical Silver Trust by 2.3% in the 4th quarter. Wedbush Securities Inc. now owns 24,549 shares of the exchange traded fund’s stock worth $581,000 after purchasing an additional 550 shares during the period.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $18.73 on Friday. The company’s 50 day moving average price is $20.89 and its 200-day moving average price is $24.58. Sprott Physical Silver Trust has a 52-week low of $12.32 and a 52-week high of $38.13.

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.