Kingsview Wealth Management LLC Raises Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Kingsview Wealth Management LLC grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 432,115 shares of the exchange traded fund’s stock after acquiring an additional 35,026 shares during the period. Kingsview Wealth Management LLC owned about 0.09% of Sprott Physical Silver Trust worth $4,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Apollon Wealth Management LLC lifted its stake in shares of Sprott Physical Silver Trust by 8.1% in the fourth quarter. Apollon Wealth Management LLC now owns 86,489 shares of the exchange traded fund’s stock valued at $835,000 after purchasing an additional 6,470 shares during the period. SMART Wealth LLC lifted its stake in shares of Sprott Physical Silver Trust by 58.5% in the fourth quarter. SMART Wealth LLC now owns 208,759 shares of the exchange traded fund’s stock valued at $2,015,000 after purchasing an additional 77,050 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of Sprott Physical Silver Trust in the fourth quarter valued at about $638,000. IMC Chicago LLC raised its position in Sprott Physical Silver Trust by 51.2% during the fourth quarter. IMC Chicago LLC now owns 1,681,529 shares of the exchange traded fund’s stock worth $16,227,000 after acquiring an additional 569,382 shares during the last quarter. Finally, Financial Advocates Investment Management raised its position in Sprott Physical Silver Trust by 6.2% during the fourth quarter. Financial Advocates Investment Management now owns 83,815 shares of the exchange traded fund’s stock worth $809,000 after acquiring an additional 4,910 shares during the last quarter.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV opened at $10.79 on Friday. The company has a 50-day moving average of $10.22 and a two-hundred day moving average of $10.27. Sprott Physical Silver Trust has a 12-month low of $7.40 and a 12-month high of $11.77.

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.