Parsons Capital Management Inc. RI Decreases Stock Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Parsons Capital Management Inc. RI trimmed its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 352,598 shares of the exchange traded fund’s stock after selling 1,550 shares during the quarter. Parsons Capital Management Inc. RI owned about 0.07% of Sprott Physical Silver Trust worth $3,403,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. James Hambro & Partners LLP acquired a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at about $106,000. Cobblestone Asset Management LLC increased its holdings in Sprott Physical Silver Trust by 1.3% in the 4th quarter. Cobblestone Asset Management LLC now owns 84,695 shares of the exchange traded fund’s stock worth $817,000 after buying an additional 1,101 shares during the period. Jamison Private Wealth Management Inc. acquired a new position in Sprott Physical Silver Trust in the 4th quarter worth approximately $556,000. Cyndeo Wealth Partners LLC increased its holdings in Sprott Physical Silver Trust by 2.8% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 1,012,599 shares of the exchange traded fund’s stock worth $9,772,000 after buying an additional 27,414 shares during the period. Finally, Gradient Investments LLC increased its holdings in Sprott Physical Silver Trust by 2.3% in the 4th quarter. Gradient Investments LLC now owns 289,899 shares of the exchange traded fund’s stock worth $2,798,000 after buying an additional 6,451 shares during the period.

Sprott Physical Silver Trust Trading Down 0.8 %

Shares of NYSEARCA:PSLV opened at $10.13 on Monday. Sprott Physical Silver Trust has a twelve month low of $7.40 and a twelve month high of $11.77. The company’s 50 day moving average is $10.17 and its 200 day moving average is $10.25.

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.