Sicart Associates LLC Sells 4,300 Shares of Sprott Physical Silver Trust (NYSEARCA:PSLV)

Sicart Associates LLC cut its stake in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The fund owned 104,737 shares of the exchange traded fund’s stock after selling 4,300 shares during the period. Sicart Associates LLC’s holdings in Sprott Physical Silver Trust were worth $1,095,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Parsons Capital Management Inc. RI increased its position in shares of Sprott Physical Silver Trust by 0.3% during the second quarter. Parsons Capital Management Inc. RI now owns 348,916 shares of the exchange traded fund’s stock valued at $3,465,000 after acquiring an additional 1,000 shares during the last quarter. Capital Investment Advisors LLC increased its position in shares of Sprott Physical Silver Trust by 4.8% during the 3rd quarter. Capital Investment Advisors LLC now owns 21,994 shares of the exchange traded fund’s stock valued at $230,000 after purchasing an additional 1,008 shares during the last quarter. Rockport Wealth LLC raised its stake in shares of Sprott Physical Silver Trust by 2.0% during the 2nd quarter. Rockport Wealth LLC now owns 78,975 shares of the exchange traded fund’s stock worth $784,000 after purchasing an additional 1,525 shares during the period. Synergy Asset Management LLC boosted its holdings in shares of Sprott Physical Silver Trust by 18.6% in the 2nd quarter. Synergy Asset Management LLC now owns 12,977 shares of the exchange traded fund’s stock worth $129,000 after buying an additional 2,035 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Sprott Physical Silver Trust by 0.5% during the first quarter. Janney Montgomery Scott LLC now owns 571,687 shares of the exchange traded fund’s stock valued at $4,739,000 after buying an additional 2,562 shares during the period.

Sprott Physical Silver Trust Stock Performance

PSLV stock traded up $0.21 during mid-day trading on Tuesday, hitting $11.63. The company had a trading volume of 5,775,046 shares, compared to its average volume of 4,564,841. Sprott Physical Silver Trust has a 12 month low of $7.40 and a 12 month high of $11.77. The stock’s fifty day moving average price is $10.43 and its two-hundred day moving average price is $10.06.

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.