Pine Valley Investments Ltd Liability Co Lowers Stake in Sprott Physical Silver Trust $PSLV

Pine Valley Investments Ltd Liability Co reduced its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,335 shares of the exchange traded fund’s stock after selling 124,728 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Sprott Physical Silver Trust were worth $5,862,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PSLV. Mcguire Capital Advisors Inc. purchased a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at $27,000. Purpose Unlimited Inc. purchased a new stake in Sprott Physical Silver Trust in the 4th quarter worth $28,000. Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust during the fourth quarter valued at about $31,000. Franklin Resources Inc. bought a new stake in Sprott Physical Silver Trust during the third quarter valued at about $39,000. Finally, Private Trust Co. NA lifted its position in shares of Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock valued at $40,000 after acquiring an additional 1,166 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

NYSEARCA PSLV opened at $18.80 on Monday. The business has a 50-day moving average price of $20.32 and a 200-day moving average price of $24.30. Sprott Physical Silver Trust has a twelve month low of $12.32 and a twelve 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.