Financial Advocates Investment Management Grows Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Financial Advocates Investment Management boosted its stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 19.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,905 shares of the exchange traded fund’s stock after buying an additional 12,590 shares during the quarter. Financial Advocates Investment Management’s holdings in Sprott Physical Silver Trust were worth $825,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Parsons Capital Management Inc. RI raised its position in shares of Sprott Physical Silver Trust by 0.3% in the second quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock valued at $3,465,000 after buying an additional 1,000 shares during the last quarter. Capital Investment Advisors LLC raised its position in Sprott Physical Silver Trust by 4.8% in the third quarter. Capital Investment Advisors LLC now owns 21,994 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 1,008 shares during the period. Rockport Wealth LLC lifted its stake in shares of Sprott Physical Silver Trust by 2.0% in the 2nd quarter. Rockport Wealth LLC now owns 78,975 shares of the exchange traded fund’s stock valued at $784,000 after purchasing an additional 1,525 shares during the last quarter. Synergy Asset Management LLC grew its holdings in shares of Sprott Physical Silver Trust by 18.6% during the 2nd quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock worth $129,000 after purchasing an additional 2,035 shares during the period. Finally, ADE LLC raised its holdings in Sprott Physical Silver Trust by 8.3% in the 3rd quarter. ADE LLC now owns 33,357 shares of the exchange traded fund’s stock valued at $349,000 after buying an additional 2,545 shares during the period.

Sprott Physical Silver Trust Stock Down 1.1 %

Shares of PSLV stock opened at $10.96 on Friday. The company has a 50-day moving average of $10.53 and a two-hundred day moving average of $10.10. Sprott Physical Silver Trust has a 1-year low of $7.40 and a 1-year high of $11.77.

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.