David Wealth Management LLC Makes New $330,000 Investment in Sprott Physical Silver Trust (NYSEARCA:PSLV)

David Wealth Management LLC purchased a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 34,200 shares of the exchange traded fund’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC lifted its holdings in Sprott Physical Silver Trust by 2.3% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 44,856 shares of the exchange traded fund’s stock worth $433,000 after acquiring an additional 1,000 shares in the last quarter. Capital Investment Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 4.8% in the 3rd 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. Cobblestone Asset Management LLC increased its stake in Sprott Physical Silver Trust by 1.3% during the 4th quarter. Cobblestone Asset Management LLC now owns 84,695 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 1,101 shares in the last quarter. Sigma Planning Corp raised its holdings in Sprott Physical Silver Trust by 1.3% during the 3rd quarter. Sigma Planning Corp now owns 97,404 shares of the exchange traded fund’s stock worth $1,018,000 after buying an additional 1,234 shares during the period. Finally, Islay Capital Management LLC lifted its stake in Sprott Physical Silver Trust by 2.3% in the third quarter. Islay Capital Management LLC now owns 58,924 shares of the exchange traded fund’s stock valued at $616,000 after buying an additional 1,300 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of PSLV stock opened at $10.80 on Wednesday. Sprott Physical Silver Trust has a 12-month low of $7.40 and a 12-month high of $11.77. The firm has a fifty day moving average of $10.24 and a 200-day moving average of $10.29.

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.