Ausdal Financial Partners Inc. Raises Stock Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Ausdal Financial Partners Inc. raised its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,820 shares of the exchange traded fund’s stock after purchasing an additional 8,285 shares during the period. Ausdal Financial Partners Inc.’s holdings in Sprott Physical Silver Trust were worth $461,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in Sprott Physical Silver Trust in the 4th quarter valued at about $58,000. US Bancorp DE boosted its stake in shares of Sprott Physical Silver Trust by 21.6% in the fourth quarter. US Bancorp DE now owns 7,050 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 1,250 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Sprott Physical Silver Trust during the fourth quarter worth approximately $80,000. Guild Investment Management Inc. acquired a new position in Sprott Physical Silver Trust in the 4th quarter valued at $101,000. Finally, James Hambro & Partners LLP purchased a new position in Sprott Physical Silver Trust in the 4th quarter valued at $106,000.

Sprott Physical Silver Trust Stock Up 2.1 %

Shares of PSLV opened at $11.68 on Friday. The firm’s fifty day moving average is $10.91 and its two-hundred day moving average is $10.59. Sprott Physical Silver Trust has a 52-week low of $8.18 and a 52-week high of $11.77.

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.