Sprott Physical Silver Trust $PSLV Stock: Kestra Advisory Services LLC Reduces Stake

Kestra Advisory Services LLC decreased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 13.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,644,205 shares of the exchange traded fund’s stock after selling 247,023 shares during the period. Kestra Advisory Services LLC owned 0.27% of Sprott Physical Silver Trust worth $31,848,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PSLV. Laurel Wealth Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the third quarter valued at about $29,000. Contravisory Investment Management Inc. bought a new position in shares of Sprott Physical Silver Trust in the third quarter worth about $32,000. Trust Co. of Vermont bought a new position in shares of Sprott Physical Silver Trust in the second quarter worth about $39,000. Costello Asset Management INC lifted its position in shares of Sprott Physical Silver Trust by 76.5% during the 1st quarter. Costello Asset Management INC now owns 3,000 shares of the exchange traded fund’s stock worth $73,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $60,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA PSLV traded down $0.03 during trading hours on Friday, hitting $16.84. 3,431,927 shares of the company’s stock were exchanged, compared to its average volume of 11,991,933. The company’s 50-day moving average price is $19.51 and its 200-day moving average price is $22.69. Sprott Physical Silver Trust has a 1-year low of $15.78 and a 1-year 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.