J.W. Cole Advisors Inc. Boosts Holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV)

J.W. Cole Advisors Inc. raised its holdings in Sprott Physical Silver Trust (NYSEARCA:PSLV) by 12.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,566 shares of the exchange traded fund’s stock after purchasing an additional 2,700 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Sprott Physical Silver Trust were worth $234,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its holdings in Sprott Physical Silver Trust by 8.2% in the second quarter. Raymond James & Associates now owns 2,066,818 shares of the exchange traded fund’s stock valued at $20,524,000 after purchasing an additional 156,501 shares during the last quarter. StoneX Group Inc. boosted its stake in shares of Sprott Physical Silver Trust by 685.4% during the 1st quarter. StoneX Group Inc. now owns 203,034 shares of the exchange traded fund’s stock worth $1,683,000 after acquiring an additional 177,184 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of Sprott Physical Silver Trust during the 1st quarter worth about $89,000. Financial Advocates Investment Management boosted its stake in shares of Sprott Physical Silver Trust by 52.1% during the 2nd quarter. Financial Advocates Investment Management now owns 66,315 shares of the exchange traded fund’s stock worth $659,000 after acquiring an additional 22,720 shares in the last quarter. Finally, Harbour Investments Inc. boosted its stake in shares of Sprott Physical Silver Trust by 21.9% during the 2nd quarter. Harbour Investments Inc. now owns 20,999 shares of the exchange traded fund’s stock worth $209,000 after acquiring an additional 3,769 shares in the last quarter.

Sprott Physical Silver Trust Price Performance

PSLV stock opened at $10.07 on Thursday. The company’s 50-day simple moving average is $9.89 and its 200-day simple moving average is $9.60. Sprott Physical Silver Trust has a 52-week low of $7.08 and a 52-week high of $10.88.

About Sprott Physical Silver Trust

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.