Capital Wealth Alliance LLC Boosts Stake in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Capital Wealth Alliance LLC grew its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 5.7% in the second quarter, Holdings Channel reports. The fund owned 2,187,223 shares of the exchange traded fund’s stock after acquiring an additional 118,657 shares during the quarter. Sprott Physical Silver Trust accounts for 12.4% of Capital Wealth Alliance LLC’s portfolio, making the stock its largest holding. Capital Wealth Alliance LLC’s holdings in Sprott Physical Silver Trust were worth $21,717,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Avantax Advisory Services Inc. bought a new position in shares of Sprott Physical Silver Trust during the first quarter valued at $89,000. Sandy Cove Advisors LLC bought a new position in Sprott Physical Silver Trust during the 2nd quarter worth $99,000. ORG Partners LLC acquired a new position in Sprott Physical Silver Trust during the 1st quarter worth about $102,000. NovaPoint Capital LLC bought a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter valued at about $102,000. Finally, Mather Group LLC. increased its stake in shares of Sprott Physical Silver Trust by 864.6% in the second quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 10,600 shares during the period.

Sprott Physical Silver Trust Stock Performance

NYSEARCA:PSLV traded up $0.25 on Friday, reaching $10.15. 8,488,066 shares of the stock traded hands, compared to its average volume of 3,997,783. Sprott Physical Silver Trust has a 1-year low of $7.08 and a 1-year high of $10.88. The company’s 50 day moving average is $9.96 and its 200-day moving average is $9.28.

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.