Sprott Physical Silver Trust (NYSEARCA:PSLV) Position Boosted by Total Investment Management Inc.

Total Investment Management Inc. raised its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 156.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,643 shares of the exchange traded fund’s stock after acquiring an additional 15,643 shares during the period. Total Investment Management Inc.’s holdings in Sprott Physical Silver Trust were worth $255,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PSLV. Ausdal Financial Partners Inc. increased its holdings in shares of Sprott Physical Silver Trust by 17.5% during the second quarter. Ausdal Financial Partners Inc. now owns 37,300 shares of the exchange traded fund’s stock valued at $370,000 after purchasing an additional 5,557 shares during the period. Private Advisor Group LLC increased its stake in Sprott Physical Silver Trust by 4.5% during the 2nd quarter. Private Advisor Group LLC now owns 298,487 shares of the exchange traded fund’s stock valued at $2,964,000 after buying an additional 12,895 shares during the period. Synergy Asset Management LLC raised its position in shares of Sprott Physical Silver Trust by 18.6% during the 2nd quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 2,035 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Sprott Physical Silver Trust by 702.6% in the 2nd quarter. Larson Financial Group LLC now owns 15,506 shares of the exchange traded fund’s stock worth $154,000 after acquiring an additional 13,574 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Sprott Physical Silver Trust by 10.8% in the second quarter. Commonwealth Equity Services LLC now owns 858,043 shares of the exchange traded fund’s stock valued at $8,520,000 after acquiring an additional 83,816 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $9.50 on Monday. Sprott Physical Silver Trust has a 12 month low of $7.08 and a 12 month high of $10.88. The stock’s 50 day moving average price is $9.94 and its 200 day moving average price is $9.47.

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.