Sprott Physical Silver Trust (NYSEARCA:PSLV) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 1.1% in the third quarter, HoldingsChannel.com reports. The fund owned 556,869 shares of the exchange traded fund’s stock after selling 5,930 shares during the period. Janney Montgomery Scott LLC’s holdings in Sprott Physical Silver Trust were worth $5,819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Eastern Bank acquired a new position in shares of Sprott Physical Silver Trust during the 3rd quarter worth about $45,000. ORG Wealth Partners LLC acquired a new position in shares of Sprott Physical Silver Trust during the third quarter valued at approximately $70,000. Avantax Advisory Services Inc. purchased a new position in shares of Sprott Physical Silver Trust in the first quarter valued at approximately $89,000. Sandy Cove Advisors LLC acquired a new stake in shares of Sprott Physical Silver Trust in the second quarter worth approximately $99,000. Finally, NovaPoint Capital LLC purchased a new stake in shares of Sprott Physical Silver Trust during the second quarter worth approximately $102,000.

Sprott Physical Silver Trust Price Performance

NYSEARCA PSLV opened at $10.58 on Friday. The business has a fifty day moving average price of $10.60 and a 200 day moving average price of $10.15. Sprott Physical Silver Trust has a one year low of $7.40 and a one year high of $11.77.

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.