Mainstay Capital Management LLC ADV Invests $163,000 in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Mainstay Capital Management LLC ADV acquired a new stake in Sprott Physical Silver Trust (NYSEARCA:PSLV) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,610 shares of the exchange traded fund’s stock, valued at approximately $163,000.

Several other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its holdings in shares of Sprott Physical Silver Trust by 483.5% in the 3rd quarter. International Assets Investment Management LLC now owns 557,299 shares of the exchange traded fund’s stock worth $53,330,000 after purchasing an additional 461,785 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Sprott Physical Silver Trust by 0.9% during the 3rd quarter. Private Advisor Group LLC now owns 301,194 shares of the exchange traded fund’s stock valued at $3,147,000 after purchasing an additional 2,707 shares during the last quarter. Accordant Advisory Group Inc increased its stake in shares of Sprott Physical Silver Trust by 4.7% during the 3rd quarter. Accordant Advisory Group Inc now owns 448,622 shares of the exchange traded fund’s stock worth $4,688,000 after purchasing an additional 20,159 shares during the last quarter. WT Wealth Management lifted its holdings in Sprott Physical Silver Trust by 110.4% during the third quarter. WT Wealth Management now owns 26,300 shares of the exchange traded fund’s stock valued at $297,000 after purchasing an additional 13,800 shares during the last quarter. Finally, Eastern Bank purchased a new position in shares of Sprott Physical Silver Trust in the third quarter valued at $45,000.

Sprott Physical Silver Trust Price Performance

Shares of NYSEARCA:PSLV opened at $11.38 on Friday. The firm has a fifty day moving average price of $10.37 and a two-hundred day moving average price of $10.03. Sprott Physical Silver Trust has a one year low of $7.40 and a one year high of $11.77.

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.