Great Valley Advisor Group Inc. Reduces Stock Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Great Valley Advisor Group Inc. trimmed its position in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,104 shares of the exchange traded fund’s stock after selling 12,995 shares during the period. Great Valley Advisor Group Inc.’s holdings in Sprott Physical Silver Trust were worth $2,624,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PSLV. Ancora Advisors LLC grew its position in shares of Sprott Physical Silver Trust by 7.3% in the first quarter. Ancora Advisors LLC now owns 185,773 shares of the exchange traded fund’s stock valued at $1,540,000 after purchasing an additional 12,589 shares during the period. Jane Street Group LLC lifted its position in Sprott Physical Silver Trust by 5.8% during the first quarter. Jane Street Group LLC now owns 2,710,012 shares of the exchange traded fund’s stock worth $22,466,000 after buying an additional 148,378 shares during the period. Cetera Investment Advisers boosted its stake in Sprott Physical Silver Trust by 315.7% in the 1st quarter. Cetera Investment Advisers now owns 750,530 shares of the exchange traded fund’s stock worth $6,222,000 after buying an additional 570,002 shares during the last quarter. Cetera Advisors LLC grew its holdings in Sprott Physical Silver Trust by 157.8% in the 1st quarter. Cetera Advisors LLC now owns 199,582 shares of the exchange traded fund’s stock valued at $1,655,000 after buying an additional 122,151 shares during the period. Finally, Mather Group LLC. increased its stake in shares of Sprott Physical Silver Trust by 864.6% during the 2nd quarter. Mather Group LLC. now owns 11,826 shares of the exchange traded fund’s stock valued at $117,000 after acquiring an additional 10,600 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 1.4 %

Shares of PSLV stock opened at $10.50 on Monday. The firm’s 50-day simple moving average is $10.72 and its 200-day simple moving average is $10.25. Sprott Physical Silver Trust has a 1-year low of $7.40 and a 1-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.