Wealthcare Capital Management LLC Trims Stock Position in Sprott Physical Silver Trust $PSLV

by · The Markets Daily

Wealthcare Capital Management LLC decreased its position in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV – Free Report) by 2.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,028,924 shares of the exchange traded fund’s stock after selling 31,041 shares during the period. Sprott Physical Silver Trust makes up approximately 1.8% of Wealthcare Capital Management LLC’s holdings, making the stock its 6th largest holding. Wealthcare Capital Management LLC owned approximately 0.16% of Sprott Physical Silver Trust worth $19,416,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mcguire Capital Advisors Inc. bought a new position in shares of Sprott Physical Silver Trust during the 4th quarter valued at about $27,000. Purpose Unlimited Inc. bought a new stake in Sprott Physical Silver Trust in the 4th quarter worth approximately $28,000. Laurel Wealth Advisors LLC bought a new stake in Sprott Physical Silver Trust in the 4th quarter worth approximately $31,000. Private Trust Co. NA boosted its stake in Sprott Physical Silver Trust by 218.4% in the fourth quarter. Private Trust Co. NA now owns 1,700 shares of the exchange traded fund’s stock worth $40,000 after buying an additional 1,166 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in Sprott Physical Silver Trust in the third quarter worth approximately $39,000.

Sprott Physical Silver Trust Stock Performance

Shares of NYSEARCA PSLV opened at $20.82 on Monday. Sprott Physical Silver Trust has a one year low of $12.61 and a one year high of $38.13. The firm’s 50 day simple moving average is $19.89 and its two-hundred day simple moving average is $23.95.

About Sprott Physical Silver Trust

(Free Report)

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. The Trust invests and intends to continue to invest primarily in long-term holdings of unencumbered, fully allocated, physical silver bullion, and does not speculate with regard to short-term changes in silver prices.

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