Kingsview Wealth Management LLC Has $5.75 Million Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Kingsview Wealth Management LLC increased its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 14.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 495,671 shares of the exchange traded fund’s stock after buying an additional 63,556 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $5,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Center for Financial Planning Inc. bought a new position in shares of Sprott Physical Silver Trust in the 1st quarter worth $39,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of Sprott Physical Silver Trust during the 1st quarter worth $41,000. First Horizon Advisors Inc. bought a new position in shares of Sprott Physical Silver Trust during the 1st quarter worth $42,000. Millstone Evans Group LLC bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter worth $58,000. Finally, Rehmann Capital Advisory Group bought a new position in Sprott Physical Silver Trust in the 4th quarter worth about $100,000.

Sprott Physical Silver Trust Trading Up 0.7%

Shares of PSLV opened at $12.85 on Friday. The stock has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.17. Sprott Physical Silver Trust has a 12-month low of $9.12 and a 12-month high of $13.10.

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.