AE Wealth Management LLC Buys 32,515 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

AE Wealth Management LLC raised its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 136.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,420 shares of the exchange traded fund’s stock after acquiring an additional 32,515 shares during the period. AE Wealth Management LLC’s holdings in Sprott Physical Silver Trust were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PSLV. Sandy Cove Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $99,000. NovaPoint Capital LLC bought a new stake in Sprott Physical Silver Trust during the 2nd quarter valued at about $102,000. Avantax Advisory Services Inc. bought a new position in Sprott Physical Silver Trust in the 1st quarter worth about $89,000. RPS Advisory Solutions LLC purchased a new position in shares of Sprott Physical Silver Trust during the second quarter worth approximately $113,000. Finally, Mather Group LLC. increased its position in shares of Sprott Physical Silver Trust by 864.6% during the second quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 10,600 shares during the period.

Sprott Physical Silver Trust Trading Up 1.1 %

Shares of NYSEARCA PSLV opened at $10.77 on Friday. Sprott Physical Silver Trust has a 52-week low of $7.08 and a 52-week high of $10.88. The stock has a 50 day moving average price of $9.89 and a 200 day moving average price of $9.70.

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.