Mainstay Capital Management LLC ADV Takes $163,000 Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Mainstay Capital Management LLC ADV bought a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,610 shares of the exchange traded fund’s stock, valued at approximately $163,000.

A number of other institutional investors also recently bought and sold shares of the stock. Eastern Bank purchased a new position in Sprott Physical Silver Trust during the third quarter valued at approximately $45,000. ORG Wealth Partners LLC bought a new position in Sprott Physical Silver Trust during the third quarter valued at $70,000. Sandy Cove Advisors LLC purchased a new stake in Sprott Physical Silver Trust in the 2nd quarter worth about $99,000. NovaPoint Capital LLC purchased a new stake in shares of Sprott Physical Silver Trust in the second quarter worth approximately $102,000. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Sprott Physical Silver Trust during the first quarter worth $89,000.

Sprott Physical Silver Trust Trading Up 0.3 %

Shares of PSLV opened at $11.38 on Friday. The company has a 50-day moving average of $10.37 and a 200 day moving average of $10.03. Sprott Physical Silver Trust has a 1-year low of $7.40 and a 1-year high of $11.77.

Sprott Physical Silver Trust Company 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.