Midland Wealth Advisors LLC Makes New $212,000 Investment in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Midland Wealth Advisors LLC bought a new position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 22,000 shares of the exchange traded fund’s stock, valued at approximately $212,000.

Several other institutional investors have also recently bought and sold shares of the business. Wealthcare Capital Management LLC raised its stake in Sprott Physical Silver Trust by 3.7% during the fourth quarter. Wealthcare Capital Management LLC now owns 4,108,300 shares of the exchange traded fund’s stock worth $39,645,000 after acquiring an additional 148,402 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Sprott Physical Silver Trust during the fourth quarter worth about $25,348,000. Capital Wealth Alliance LLC raised its stake in Sprott Physical Silver Trust by 6.5% during the fourth quarter. Capital Wealth Alliance LLC now owns 2,432,372 shares of the exchange traded fund’s stock worth $23,473,000 after acquiring an additional 149,161 shares in the last quarter. Sprott Inc. grew its holdings in shares of Sprott Physical Silver Trust by 35.5% during the fourth quarter. Sprott Inc. now owns 1,892,049 shares of the exchange traded fund’s stock worth $18,258,000 after purchasing an additional 495,791 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Sprott Physical Silver Trust during the third quarter worth about $19,598,000.

Sprott Physical Silver Trust Stock Performance

NYSEARCA:PSLV opened at $10.86 on Tuesday. The stock’s 50-day moving average is $10.50 and its 200-day moving average is $10.45. Sprott Physical Silver Trust has a 1-year low of $8.01 and a 1-year high of $11.77.

Sprott Physical Silver Trust Company 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.