Sprott Physical Silver Trust (NYSEARCA:PSLV) Stake Raised by Tradition Wealth Management LLC

Tradition Wealth Management LLC lifted its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 19.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,038 shares of the exchange traded fund’s stock after buying an additional 6,117 shares during the period. Tradition Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Creative Planning boosted its position in Sprott Physical Silver Trust by 14.7% during the 2nd quarter. Creative Planning now owns 64,268 shares of the exchange traded fund’s stock worth $638,000 after acquiring an additional 8,218 shares during the period. Raymond James & Associates grew its position in Sprott Physical Silver Trust by 8.2% in the 2nd quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock valued at $20,524,000 after buying an additional 156,501 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Sprott Physical Silver Trust during the 2nd quarter valued at about $591,000. Parsons Capital Management Inc. RI raised its position in shares of Sprott Physical Silver Trust by 0.3% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock worth $3,465,000 after buying an additional 1,000 shares in the last quarter. Finally, Financial Advocates Investment Management lifted its stake in shares of Sprott Physical Silver Trust by 52.1% in the 2nd quarter. Financial Advocates Investment Management now owns 66,315 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 22,720 shares during the period.

Sprott Physical Silver Trust Trading Up 2.0 %

Sprott Physical Silver Trust stock opened at $10.32 on Monday. Sprott Physical Silver Trust has a 12-month low of $7.40 and a 12-month high of $11.77. The firm has a 50 day simple moving average of $10.71 and a 200-day simple moving average of $10.27.

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.