Mid Atlantic Financial Management Inc. ADV reduced its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 83.0% in the second quarter, Holdings Channel reports. The fund owned 19,953 shares of the exchange traded fund’s stock after selling 97,176 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Sprott Physical Silver Trust were worth $132,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PSLV. Liberty Wealth Management LLC bought a new position in Sprott Physical Silver Trust in the 1st quarter valued at $25,000. North Star Investment Management Corp. bought a new position in Sprott Physical Silver Trust in the 2nd quarter valued at $50,000. Whittier Trust Co. of Nevada Inc. bought a new position in Sprott Physical Silver Trust in the 1st quarter valued at $52,000. South State Corp bought a new position in Sprott Physical Silver Trust in the 1st quarter valued at $73,000. Finally, Euro Pacific Asset Management LLC bought a new position in Sprott Physical Silver Trust in the 1st quarter valued at $78,000.
Shares of NYSEARCA:PSLV opened at $9.82 on Thursday. The firm has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $6.50. Sprott Physical Silver Trust has a one year low of $4.34 and a one year high of $10.46.
About Sprott Physical Silver Trust
Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets. It primarily invests in physical silver bullion in London Good Delivery bar form. Sprott Physical Silver Trust was formed on June 30, 2010 and is domiciled in Canada.
See Also: How to interpret the current ratio
Want to see what other hedge funds are holding PSLV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Physical Silver Trust (NYSEARCA:PSLV).
Receive News & Ratings for Sprott Physical Silver Trust Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Sprott Physical Silver Trust and related companies with MarketBeat.com’s FREE daily email newsletter.
