Tcfg Wealth Management LLC Purchases 9,600 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Tcfg Wealth Management LLC lifted its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 6.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 154,875 shares of the exchange traded fund’s stock after acquiring an additional 9,600 shares during the period. Sprott Physical Silver Trust comprises about 0.8% of Tcfg Wealth Management LLC’s investment portfolio, making the stock its 28th biggest holding. Tcfg Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $1,495,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PSLV. Jane Street Group LLC bought a new position in shares of Sprott Physical Silver Trust in the third quarter worth approximately $19,598,000. IMC Chicago LLC purchased a new position in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $11,622,000. Flow Traders U.S. LLC raised its holdings in shares of Sprott Physical Silver Trust by 3,417.0% during the third quarter. Flow Traders U.S. LLC now owns 911,223 shares of the exchange traded fund’s stock valued at $9,522,000 after purchasing an additional 885,314 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Sprott Physical Silver Trust by 483.5% during the third quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock valued at $53,330,000 after purchasing an additional 461,785 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $3,909,000.

Sprott Physical Silver Trust Price Performance

PSLV opened at $10.93 on Friday. The firm has a 50 day moving average price of $10.27 and a 200-day moving average price of $10.31. Sprott Physical Silver Trust has a twelve month low of $7.45 and a twelve month high of $11.77.

About Sprott Physical Silver Trust

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.