Oxbow Advisors LLC Has $408,000 Position in Sprott Physical Silver Trust (NYSEARCA:PSLV)

Oxbow Advisors LLC cut its holdings in shares of Sprott Physical Silver Trust (NYSEARCA:PSLV) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,078 shares of the exchange traded fund’s stock after selling 4,170 shares during the period. Oxbow Advisors LLC’s holdings in Sprott Physical Silver Trust were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Avantax Advisory Services Inc. bought a new position in shares of Sprott Physical Silver Trust during the first quarter worth about $89,000. Sandy Cove Advisors LLC bought a new stake in shares of Sprott Physical Silver Trust in the 2nd quarter valued at $99,000. ORG Partners LLC bought a new stake in shares of Sprott Physical Silver Trust in the 1st quarter valued at $102,000. NovaPoint Capital LLC acquired a new stake in shares of Sprott Physical Silver Trust during the second quarter worth $102,000. Finally, RPS Advisory Solutions LLC bought a new position in Sprott Physical Silver Trust during the second quarter worth $113,000.

Sprott Physical Silver Trust Stock Down 2.8 %

Shares of Sprott Physical Silver Trust stock traded down $0.27 on Friday, hitting $9.50. 5,943,000 shares of the company’s stock traded hands, compared to its average volume of 4,009,708. The company has a fifty day moving average of $9.94 and a two-hundred day moving average of $9.45. Sprott Physical Silver Trust has a one year low of $7.08 and a one year high of $10.88.

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.