VanWeelden Wealth Management LLC Acquires Shares of 23,646 Sprott Physical Silver Trust (NYSEARCA:PSLV)

VanWeelden Wealth Management LLC acquired a new stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) during the fourth quarter, Holdings Channel reports. The firm acquired 23,646 shares of the exchange traded fund’s stock, valued at approximately $228,000. Sprott Physical Silver Trust accounts for approximately 0.2% of VanWeelden Wealth Management LLC’s holdings, making the stock its 21st largest position.

A number of other institutional investors also recently added to or reduced their stakes in PSLV. Pettinga Financial Advisors LLC raised its stake in shares of Sprott Physical Silver Trust by 24.4% in the third quarter. Pettinga Financial Advisors LLC now owns 196,355 shares of the exchange traded fund’s stock valued at $2,052,000 after acquiring an additional 38,490 shares during the last quarter. Sigma Planning Corp raised its stake in shares of Sprott Physical Silver Trust by 1.3% in the third quarter. Sigma Planning Corp now owns 97,404 shares of the exchange traded fund’s stock valued at $1,018,000 after acquiring an additional 1,234 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Sprott Physical Silver Trust by 15.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 25,020 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 3,300 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Sprott Physical Silver Trust by 54.6% in the third quarter. Apollon Wealth Management LLC now owns 80,019 shares of the exchange traded fund’s stock valued at $836,000 after acquiring an additional 28,252 shares during the last quarter. Finally, Kovack Advisors Inc. raised its stake in shares of Sprott Physical Silver Trust by 9.8% in the third quarter. Kovack Advisors Inc. now owns 237,338 shares of the exchange traded fund’s stock valued at $2,480,000 after acquiring an additional 21,233 shares during the last quarter.

Sprott Physical Silver Trust Trading Up 1.4 %

NYSEARCA:PSLV opened at $11.30 on Thursday. Sprott Physical Silver Trust has a 1 year low of $8.12 and a 1 year high of $11.77. The firm has a 50 day moving average of $10.59 and a 200-day moving average of $10.47.

About Sprott Physical Silver Trust

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.