Financial Advocates Investment Management Has $809,000 Stock Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Financial Advocates Investment Management grew its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,815 shares of the exchange traded fund’s stock after buying an additional 4,910 shares during the quarter. Financial Advocates Investment Management’s holdings in Sprott Physical Silver Trust were worth $809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bleakley Financial Group LLC raised its position in Sprott Physical Silver Trust by 5.5% in the 4th quarter. Bleakley Financial Group LLC now owns 301,199 shares of the exchange traded fund’s stock valued at $2,907,000 after buying an additional 15,790 shares during the last quarter. Money Concepts Capital Corp lifted its stake in Sprott Physical Silver Trust by 1.2% in the fourth quarter. Money Concepts Capital Corp now owns 619,347 shares of the exchange traded fund’s stock valued at $5,977,000 after purchasing an additional 7,465 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Sprott Physical Silver Trust by 8.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 115,222 shares of the exchange traded fund’s stock worth $1,112,000 after acquiring an additional 8,500 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position 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 purchasing an additional 1,000 shares during the period. Finally, Destiny Wealth Partners LLC grew its stake in Sprott Physical Silver Trust by 6.5% in the 4th quarter. Destiny Wealth Partners LLC now owns 31,181 shares of the exchange traded fund’s stock valued at $301,000 after buying an additional 1,891 shares in the last quarter.

Sprott Physical Silver Trust Stock Down 1.2 %

PSLV stock opened at $10.79 on Friday. The stock has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $10.27. Sprott Physical Silver Trust has a twelve month low of $7.40 and a twelve 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.