Sanctuary Advisors LLC Takes $591,000 Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Sanctuary Advisors LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 63,955 shares of the exchange traded fund’s stock, valued at approximately $591,000.

Several other hedge funds also recently added to or reduced their stakes in PSLV. Avantax Advisory Services Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the first quarter worth about $89,000. Sandy Cove Advisors LLC acquired a new position in Sprott Physical Silver Trust during the 2nd quarter valued at approximately $99,000. ORG Partners LLC purchased a new position in shares of Sprott Physical Silver Trust in the first quarter worth $102,000. NovaPoint Capital LLC acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $102,000. Finally, RPS Advisory Solutions LLC purchased a new stake in shares of Sprott Physical Silver Trust during the second quarter valued at $113,000.

Sprott Physical Silver Trust Stock Performance

Shares of PSLV stock opened at $10.57 on Tuesday. The business has a fifty day moving average of $10.09 and a 200 day moving average of $9.91. Sprott Physical Silver Trust has a 1 year low of $7.40 and a 1 year high of $11.09.

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.