Pasadena Private Wealth LLC decreased its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV – Get Rating) by 25.3% in the fourth quarter, Holdings Channel reports. The fund owned 397,351 shares of the exchange traded fund's stock after selling 134,349 shares during the quarter. Sprott Physical Silver Trust makes up 1.0% of Pasadena Private Wealth LLC's holdings, making the stock its 19th biggest holding. Pasadena Private Wealth LLC's holdings in Sprott Physical Silver Trust were worth $3,274,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PSLV. Royal Bank of Canada increased its position in Sprott Physical Silver Trust by 31.4% during the third quarter. Royal Bank of Canada now owns 3,023,356 shares of the exchange traded fund's stock valued at $20,015,000 after acquiring an additional 721,997 shares during the last quarter. Oxbow Advisors LLC raised its position in Sprott Physical Silver Trust by 29.3% in the 4th quarter. Oxbow Advisors LLC now owns 17,650 shares of the exchange traded fund's stock worth $145,000 after purchasing an additional 4,000 shares during the period. National Bank of Canada FI boosted its position in shares of Sprott Physical Silver Trust by 602.7% during the fourth quarter. National Bank of Canada FI now owns 583,574 shares of the exchange traded fund's stock valued at $4,752,000 after buying an additional 500,527 shares during the period. Columbia Advisory Partners LLC bought a new position in shares of Sprott Physical Silver Trust during the fourth quarter valued at approximately $373,000. Finally, Tiedemann Advisors LLC purchased a new stake in shares of Sprott Physical Silver Trust in the third quarter worth approximately $70,000.

Sprott Physical Silver Trust Stock Performance

Sprott Physical Silver Trust stock traded up $0.06 during mid-day trading on Tuesday, hitting $8.61. The company's stock had a trading volume of 1,822,138 shares, compared to its average volume of 3,802,030. Sprott Physical Silver Trust has a one year low of $6.16 and a one year high of $9.01. The company has a 50 day moving average of $7.75 and a 200-day moving average of $7.60.

Sprott Physical Silver Trust Company Profile

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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.

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